Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It's certainly not a criticism of markets per se - it's a criticism of those who think markets are an appropriate replacement for reason.


Well there is a certain logic to markets. If LEGO is overpriced, a competitor should be able to offer a cheaper alternative. So if you claim LEGO is overpriced, you have to explain why no cheaper competitor emerged. Maybe there are reasons (for example patents - but the competitor would not have to be the same kind of thing, just the same category).

I wonder how do you reason without the theory of markets? Serious question!




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: