***Does this mean that you do not regard public
goods and inadequately defined property rights as
important sources of market failure?***
Not necessarily, but the focus of our attention is
the financial system.
--
***Does this mean that you advocate laws against the
corporate form of
[EMAIL PROTECTED] wrote:
Yes, but the particular set of rules is a human
construct. It is something other than a natural
phenomenon, awaiting discovery. The market in which
there is undeniably a hidden hand is the function
of that human construct that we can improve by
consciously changing
