[ExI] Belief in Market Efficiency
thespike at satx.rr.com
Sat Jan 31 02:49:52 UTC 2009
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.
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