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Wither Consumer Welfare to Guide Antitrust Regulators?

Cato Podcast

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The Neo Classical Model of Markets

Noone who likes markets say they are a nea liberal. Ne liberal is an epithet that's used by outsiders against everyone, against everyone who likes markets. That model, the neo classical model, where we we need many, many atamistic participants who are all price takers. The difficulty is that we are now in the reason that i would credit a lot of people on the left. They're not just shrieking a that the sky is falling. There is a problem.

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