New answers tagged markets
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Austrian vs Neoclassical arguments for a market economy
Austrian School and the Neoclassical School of economics is that the former has softer assumptions than the latter. Is this because the Austrian School has more of a "compare and contrast" ...
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What are the consequences of the invisible hand?
Q: I would like to know if the consequence I have derived is valid, and also if there are other consequences of this metaphor at work in a market economy. I'm looking mostly for informal insights.
The ...
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What are the consequences of the invisible hand?
Smith’s invisible hand concept is not related to the idea of comparing an economic system, as capitalism for instance, to other possible economic systems.
But it is an image that has become famous as ...
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Why Hanson's logarithmic scoring rule define an Automated Market Maker?
I was wondering about the same and found the answer in Section 5 of this paper: https://arxiv.org/ftp/arxiv/papers/1206/1206.5252.pdf
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