The Impersonal Force of the Market

The market tells producers not only what to produce, but how best to produce it through another set of prices and costs. Walk down any street in hongkong and you'll see the impersonal forces of the market in operation. If demand for metal containers went down, or somebody found a way of making them cheaper, mister chug would soon get that message. A few doors away, mister hugh's firm has been making traditional cantones wedding gowns for forty two years. The workers are highly skilled, so they can command high wages. They could induce their employer to improve working ditions by offering to work for less, but they would rather take the high wages and