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← A competitive market involves no personal rivalry and no personal haggling

17 connected korrents · 14 moments from 23 May 2006 to 22 Sept 2026.

Everything filed under economists economists Everything filed under fiscal policy fiscal policy Everything filed under market efficiency market efficiency Everything filed under capitalism capitalism Everything filed under evolutionary biology evolutionary biology Everything filed under management management Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: A competitive market involves no personal rivalry and no personal haggling A competitive market involves no personalrivalry and no personal haggling MF Milton Friedman — holds since c. 1962 — tap for who they are Same subject: Industries do not stay competitive markets; over time most settle into a monopoly or, more often, an oligopoly. — tap to centre the map on it Industries do not stay competitivemarkets; over time most settle intoa monopoly or, more often, anoligopoly. Last stated 5 years ago 25 Jan 2022 MA Marc Andreessen — holds since 2022-01-25 — tap for who they are Same subject: A strategy no reasonable person could disagree with is not a strategy; it means you are competing on raw execution. — tap to centre the map on it A strategy no reasonable personcould disagree with is not astrategy; it means you are competingon raw execution. Last stated 3 months ago 9 Jul 2026 AM Adam Mosseri — holds since 2026-07-09 — tap for who they are Same subject: Competition that removes differentiation makes everyone worse off, because it assumes people already know what they want. — tap to centre the map on it Competition that removesdifferentiation makes everyone worseoff, because it assumes peoplealready know what they want. Last stated 10 months ago 9 Dec 2025 RS Rory Sutherland — holds since 2025-12-09 — tap for who they are Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified throughfungibility of alternatives, notmerely through lower price. Last stated a month ago 26 Aug 2026 RK Rohit Krishnan — holds since 2026-08-26 — tap for who they are Same subject: The market works as it should when people vote with their feet — tap to centre the map on it The market works as it should whenpeople vote with their feet Last stated 4 years ago 28 Mar 2023 DH David Heinemeier Hansson — holds since 2023-03-28 — tap for who they are Same subject: Competition is not the rule among animals or among humans; among animals it is limited to exceptional periods — tap to centre the map on it Competition is not the rule amonganimals or among humans; amonganimals it is limited to exceptionalperiods PK Peter Kropotkin — holds since c. 1890–1902 — tap for who they are Same subject: Nobody has a growth problem these days; they have a product problem. — tap to centre the map on it Nobody has a growth problem thesedays; they have a product problem. Last stated 4 weeks ago 6 Sept 2026 AA Anish Acharya — holds since 2026-09-06 — tap for who they are Same subject: A company where nobody is willing to upset anybody ends up fighting for the mediocre, politically expedient idea instead of the best one. — tap to centre the map on it A company where nobody is willing toupset anybody ends up fighting forthe mediocre, politically expedientidea instead of the best one. Last stated 2 months ago 14 Aug 2026 TK Travis Kalanick — holds since 2026-08-14 — tap for who they are Same subject: Among the leading candidates for greatest economist of all time, Adam Smith was analytically the weakest, save perhaps Malthus. — tap to centre the map on it Among the leading candidates forgreatest economist of all time, AdamSmith was analytically the weakest,save perhaps Malthus. Last stated 3 years ago 1 Oct 2023 TC Tyler Cowen — holds since 2023-10-01 — tap for who they are Same subject: An inability to see the viewpoints of people unlike oneself is a genuine weakness in a social scientist, not merely a separate moral failing. — tap to centre the map on it An inability to see the viewpointsof people unlike oneself is agenuine weakness in a socialscientist, not merely a separatemoral failing. Last stated 3 years ago 1 Oct 2023 TC Tyler Cowen — holds since 2023-10-01 — tap for who they are Same subject: Aspiring economists should take as many math and statistics courses as they can stomach — tap to centre the map on it Aspiring economists should take asmany math and statistics courses asthey can stomach Last stated 20 years ago 23 May 2006 GM Greg Mankiw — holds since 2006-05-23 — tap for who they are Same subject: A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. — tap to centre the map on it A company that deviates from openstandards in its data exportswithout documenting the deviationcreates an artificial vendorlock-in. Last stated 2 years ago 3 Mar 2025 TS Tobias Sjösten — holds since 2025-03-03 — tap for who they are Same subject: A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. — tap to centre the map on it A dominant company's lead in marketshare compounds over time andbecomes harder for competitors toclose, especially in technology. Last stated 2 weeks ago 22 Sept 2026 BR Barry Ritholtz — holds since 2026-09-22 — tap for who they are Same subject: AI will force a correction in how companies pay for experience once AI-augmented junior employees match the output of far costlier mid-career employees. — tap to centre the map on it AI will force a correction in howcompanies pay for experience onceAI-augmented junior employees matchthe output of far costliermid-career employees. Last stated 2 months ago 15 Aug 2026 HR Harper Reed — holds since 2026-08-15 — tap for who they are Same subject: A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens. — tap to centre the map on it A country should raise revenue bytariffing foreign countries ratherthan by taxing its own citizens. Last stated 2 years ago 20 Jan 2025 DT Donald Trump — holds since 2025-01-20 — tap for who they are Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economyis already at potential outputprompts monetary tightening thatdampens or eliminates its effect onoutput. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster. — tap to centre the map on it Automatic fiscal stabilizers givefiscal policy an advantage overmonetary policy in stabilizingoutput because they act faster. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are
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At the centre A competitive market involves no personal rivalry and no personal haggling Last stated c. 1962 Holds Milton Friedman Read this korrent →