Re:Why non-Muslims are converting to sharia finance
by barrow-rider on Monday October 22, 2018 @03:09PM
(#18277380)
+1
People forget that the "invisible hand of the market" assumes perfect or at least reasonably accurate understanding of the risks, benefits, and outcomes. Take that info away and you inevitably have snake-oil salesmen and the Housing Bubble (a product of modern financial products)
See also: "Externalities in Economies with Imperfect Information and Incomplete Markets" by Stiglitz
People forget that the "invisible hand of the market" assumes perfect or at least reasonably accurate understanding of the risks, benefits, and outcomes. Take that info away and you inevitably have snake-oil salesmen and the Housing Bubble (a product of modern financial products)
See also: "Externalities in Economies with Imperfect Information and Incomplete Markets" by Stiglitz