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Justice, Dynamism, and Social Order: Of Wars and Markets | Prof. Catherine Pakaluk

The Thomistic Institute

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Markets Are a Dynamic Shifting Hole

The logic of scarcity I think is no less accurate and markets are typically less overwhelming than this description. If we could see and hear and smell every part of the market we would certainly be stunned and as bewildered as Oliver Twist. Like the battles we imagined before the marketplace is a dynamic shifting hole composed of hundreds of freely chosen interactions each one purposeful but unguided. We may start to see the contours of that formed unformed interaction of the battlefield form a manager may call nevertheless outcomes in value are in every case the result of compounded effects of uncountable numbers of richly layered human interactions at home.

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