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#285 – Glenn Loury: Race, Racism, Identity Politics, and Cancel Culture
Lex Fridman Podcast
Markets of Competition of Operator Efficiency
Markets are made up of individuals and in order to carry out this formalization, you have to make assumptions about the individuals. And that's not something that economics has a whole lot to say about. But people's behavior depends upon what they seek in life, depends upon their goals and their objectives. Those things are at play. They can be pushed this way or that. I mean, nationalism, fighting and dying for your country is important preconditions for actually carrying out any economic analysis. That was great. Markets of competition of operator efficiency anyway but yes, groups and prices.
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