2 ms·
I thought the free market was supposed to be the most efficient allocation of resources.
by GFK_of_xmaspast 12y ago
I thought the free market was supposed to be the most efficient allocation of resources.
- forgottenpass 12y agoIt all depends on how you define "efficient." Vague proclamations about the market like this often hold utility in narrow contexts, but abstracted as a general rule rely on circular reasoning.
- tim_hutton 12y agoThe social benefits from free software are positive externalities and thus not naturally dealt with by the free market. Compare with the negative externalities of air pollution, for example.