2min chapter

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas cover image

205 | John Quiggin on Interest Rates and the Information Economy

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

CHAPTER

Do You Really Know What the Market Is All About?

I just want to get on the table the pro market argument because it is kind of an interesting collective problem solving mechanism. But then it's very clear that there's a whole bunch of issues. And then the complicated part seems to me, which issues are more important and how do you solve them right? I have one very basic philosophical question right from the start, which is, does it even make sense to compare different kinds of goods in the way that your definition of of the market working in terms of price equing oequalling opportunity cost make sense? Is that a presupposition? We should worry that necessary? Wel, let's, let's again leave the money or en ee

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