lundi 2 mai 2016

Hicks

Remember that the “law” of supply and demand is an aggregate of many individuals’ judgments and actions. It’s important not to reify it into some sort of Platonic or Hegelian abstract force that operates of generic necessity. The best way to model free markets is from the bottom up, by starting with real human beings, each of whom has individualized values, knowledge, and options.

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