“…to discuss important ideas, to educate myself and others, and to disseminate the values I hold in pursuit of a freer, richer world.”
Because things will go wrong in any given situation if you give them a chance, and because those things can be unexpected and potentially devastating, we adopt behaviours to mitigate risks and to avoid making irrational gambits or harmful trade-offs. However, this becomes very difficult at scale, which makes intervention in the economy highly dangerous.
If Tesco offered 50% off strawberries, we could reasonably predict that the sale of strawberries would go up. A bad economist would leave it there. A better economist might ask what would happen to the sale of single cream too…
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