8 votes

Four functions of markets

1 comment

  1. skybrian
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    From the blog post: Also starts out with a reasonable definition of "neoliberalism."

    From the blog post:

    1. Markets serve as Hayekian information processors
    2. Markets naturalize outcomes, defusing social conflict
    3. Markets “flip the incentives” surrounding resource utilization
    4. Markets launder history

    Obviously, the list is not exhaustive

    Also starts out with a reasonable definition of "neoliberalism."

    3 votes