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The market's worst pathologies come from market exchange combined with gross inequality, not from markets as such.
Drawn from what Cosma Rohilla Shalizi said
What Cosma Rohilla Shalizi actually said
- Cosma Rohilla Shalizi Statistician at Carnegie Mellon; writes on complex systems
I don't think this sort of pathology is intrinsic to market exchange; it comes from market exchange plus gross inequality.
Where this was said
↗In Soviet Union, Optimization Problem Solves Youbactra.org
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