logoalt Hacker News

bee_rideryesterday at 7:19 PM1 replyview on HN

I’m not sure what a pure market is.

The result that free markets are Prato optimal, though, requires conditions like low barriers to entry, perfect information, and low cost transactions… none of which seem very well met in the case of agriculture.


Replies

adgjlsfhk1yesterday at 7:38 PM

It turns out that low barriers to entry, perfect information and low cost transactions are almost never present.