Re:A New Way to Learn Economics
by 0x27081990 on Tuesday September 12, 2017 @08:01AM
(#15226548)
>You can't control for every variable in a market. It just isn't possible. Even economic "laws" like supply and demand have counter examples like Giffen goods.
That's the whole point. Markets are decentralized brains, while Socialism advocates that a government as a central planner will be more efficient (it could be more efficient in specific cases like total war or natural disasters) and lead to Communism where we won't even need a government because society will behave as one being.
That's the whole point. Markets are decentralized brains, while Socialism advocates that a government as a central planner will be more efficient (it could be more efficient in specific cases like total war or natural disasters) and lead to Communism where we won't even need a government because society will behave as one being.
The lesson of the pencil comes to mind: https://www.youtube.com/watch?v=R5Gppi-O3a8