What Benedict Evans thinks about market efficiency

@benedict-evans · 16 positions · On ppll ↗

Technology analyst whose weekly email on tech reaches over 150,000 readers. Publishes essays and an annual presentation on where the industry is going.

Benedict Evans did not write this page.

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Only Benedict Evans on market efficiency. See everyone on market efficiency

1 dated position, 2025, in their own words. Our reading of what Benedict Evans has said — not written or endorsed by them.

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1. 2 Sept 2025

   Our readingA sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand.

   Their wordsBut once you actually have a sophisticated industrial economy, central planning can't handle the complexity. And so you try and create incentives and structures around that while not having pricing and that just doesn't work.

   ↗Why Everyone Is Wrong About AI (Including You) | Benedict Evansyoutube.com 9th of 16 in this recording