The problem of too many offers of too many transactions is not automatic or emergent from the behavior of free individuals; it's subsidized. Neoclassical ideology promotes targets of economic well-being that embed the blind spot you are criticizing, treating transaction volume as ipso facto good. Classical economics did not have this problem where if you can force people to "reveal" more "preferences" that means their preferences are being better satisfied; Ricardo's labor theory of value might better be described as a labor theory of cost or a labor theory of constraint.
Apr 3
at
2:49 AM
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