I’m not arguing for any policies, just explaining what would be necessary to make the theoretical model of the free market a reality in actual reality: It assumes perfect information and perfectly rational actors, it’s a tall order.
Adam Smith’s. He pioneered rational choice models in general. Came up with the whole shebang that 20yold econ 101 students love to ignore in favour of “free market is if I get a fat payout”.
I’m not arguing for any policies, just explaining what would be necessary to make the theoretical model of the free market a reality in actual reality: It assumes perfect information and perfectly rational actors, it’s a tall order.
What definition are you going by?
Adam Smith’s. He pioneered rational choice models in general. Came up with the whole shebang that 20yold econ 101 students love to ignore in favour of “free market is if I get a fat payout”.