= 27d567bc2d48d9f40e9ccc20ea370b15)
satt comments on Google vs Wikipedia, for-profit vs not-for-profit - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (42)
I wonder whether christopherj & you might be using "to work" in different senses here. A market might be able "to work" in the sense of being operational (where sellers successfully sell things to buyers) while failing "to work" in the sense of generating benefits greater than the side effects of externalities (the invisible foot's kick overriding the more benign gestures of the invisible hand).
I use "work" here not in the sense that the markets are operational. I use it in the sense that societies with working markets (and without "massive ... product-specific tariffs and subsidies") develop and grow much faster than societies without working markets. That is an empirical observation.