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Fancy words that cover up the fact that efficient markets are not necessarily the best ones for human beings.
by altcognito 12y ago
Fancy words that cover up the fact that efficient markets are not necessarily the best ones for human beings.
- savanaly 12y agoI'm sorry for the fancy words. I truly don't know what other words to use to express the concepts here. It really is a fact that there is something called elasticity, and it has influence over whose welfare is increased after a price change. And I feel like that might just matter here.