Has anyone ever tried to measure the speed of the free market, compare it to the speed of other solution mechanisms like central planning?
@riemannzeta do you happen to know relevant quotable section of the top of your head?
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@vgr But much less explicit there than I had remembered. This is an are in which I see you as a major innovator. -
@riemannzeta trying to be at least
I have a couple of new institutionalism books to process on my bookshelf now for breaking smart s2 - 1 more reply
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@vgr pages 38, 39 of reprint in The Firm, The Market, and the LawThanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr the New Institutional Economics lit, like allocative economic theory as a whole, tends to ignore or oversimplify temporal schemesThanks. Twitter will use this to make your timeline better. UndoUndo
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