It's an example of globally optimal and locally optimal behavior being the same....

imtringued on July 1, 2021 | parent | context | favorite | on: Ancient weights helped create Europe’s first marke...

It's an example of globally optimal and locally optimal behavior being the same. There is no guarantee that this is always the case. It's exactly when the two differ (global vs local optimum) that the free market starts failing.

QuesnayJr on July 1, 2021 [–]

What does that have to do with the quote, or my comment?