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Bravo! Keeping the Ayn Rand dream alive in the 21st Century. My favourite: 'Capitalism and altruism are incompatible...if civilization is to survive, it is the morality of altruism we have to reject.' Honestly, why can't people just get with the program?https://twitter.com/AmityShlaes/status/1315793783951327234 …
Just so long as you are clear in your own mind about how much CL relies on Arrow-Debreu being right and Pigou being wrong. Many reasons why real world markets can never be ‘complete’ so we worship markets at higher cost than is often apparent. 1
Unlike governments which make errors of commission, incomplete markets make errors of omission so they have the easier PR ride, leaving governments to deal with ‘bottom of the barrel’ problems markets daren’t touch.
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