Re:Biases Against the Creation of Wealth
by mynameishere on Friday September 28, 2007 @02:31PM
(#60728)
It's simply that economists often assume that all markets are (or potentially are) free, when that isn't the case. Some markets come close (items on eBay, stocks, commodities, currencies, etc) while others don't. If you start with a naturally "unfree" market, the same set of rules don't apply.
It's just economists' long-standing physics-envy coming through. They want to think their field has "laws of gravity" that are always true.
It's just economists' long-standing physics-envy coming through. They want to think their field has "laws of gravity" that are always true.