2min chapter

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Ep. 24 - Vernon Smith: Self-Interest Reconsidered

The Ralston College Podcast

CHAPTER

The Reason Markets Work

markets work as because they empower individuals to make decisions based on the information they have. And i quite agree that that does have deep roots in greek and roman. Because any christian, yes, the greek citizens had a lot of freedom to go where they wanted to. The same thing with roman, you see, ah, a lot of freedmen, oat's true, they had slaves, and there were people didn't have access to all that,. But that was everybody in those days routinely enslaved whoever they conquered. That that was one of the benefits of winning a war, rather than losing it, you got to enslave.

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