Re:Even during a crisis, colleges abuse their economic and r...
by nabla9 on Sunday April 12, 2020 @08:59AM
(#22847960)
Another misconception is that free market is the default state in society.
In the pre-industrial societies concept of 'fair price' in contrast to 'market price' was very important. Any attempt to increase or lower price to get advantage of distress of others was dealt by the community.
In the pre-industrial societies concept of 'fair price' in contrast to 'market price' was very important. Any attempt to increase or lower price to get advantage of distress of others was dealt by the community.