[ExI] Belief in Market Efficiency

[Damien Broderick]

At 07:49 PM 1/30/2009 -0600, I wrote:

>>Free market traders with education, enlightenment and refinement
>>(civilized) have the advantage over savages.
>
>And, until 150 years ago, often owned them as chattels. (Or were 
>those not free market traders?)

I suppose I should confess that I've strayed from the *market 
efficiency* claim by smuggling in moral considerations of a different 
kind. It's very plausible that a vigorous free market would get you a 
*really good price* on a slave.

Damien Broderick