Free Markets Are Intrinsic to Humans

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·Nov 3, 2024

Overall, capitalism is intrinsic to the human species. Capitalism is not something we invented; capitalism is not even something we discovered. It is innate to us. In every exchange that we have, when you and I exchange information, I want some information back from you. I give you information, you give me information. If we weren't having a good information exchange, you would go talk to somebody else.

So the notion of exchange and keeping track of credits and debits, this is built into

Equilibrium, allocative efficiency and total surplus

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Free Markets Are Intrinsic to Humans

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