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  1. Daniel Taylor (randomdamage@mastodon.technology)'s status on Wednesday, 26-Dec-2018 10:05:53 EST Daniel Taylor Daniel Taylor

    @bthall a market can only emerge for a good if there is some direct profit available in a way that market actors can reach in a reliable enough manner, and with a margin of cost proportionate to the incremental revenue and risk.

    There's a lot of goods for which that simply isn't possible, or hasn't been the case so far. Some of them are necessary goods.

    This is where economics as a science necessarily bumps up against the disciplines of business and politics.

    In conversation Wednesday, 26-Dec-2018 10:05:53 EST from mastodon.technology permalink
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