Two questions: First, if the markets do not promote knowledge, and if our cognitive biases do not permit us to recognize this, should we still pursue markets as the god that delivers efficiency? And, next, could we say that the growth in the 1980s was more on account of profligacy of the governments in 1950s to 1970s that, perhaps inadvertently, promoted knowledge economy?
Two questions: First, if the markets do not promote knowledge, and if our cognitive biases do not permit us to recognize this, should we still pursue markets as the god that delivers efficiency? And, next, could we say that the growth in the 1980s was more on account of profligacy of the governments in 1950s to 1970s that, perhaps inadvertently, promoted knowledge economy?
Thank you
you could argue markets promote competition among economic actors, which helps promote innovation, new technologies, better ways of doing things
54:20 the campaign cost was very careful estimated by him - it is 6 billion - for the same persons ^^ ... thats just crazy
hahaha, tooooo late.