The Parable of the Long Spoons explains free markets

“How can we explain this emporiophobia—a fear of markets—given the overwhelming evidence that such institutions provide the greatest wealth, health and happiness for humankind?” When economics professor Paul Rubin asked that question he answered by saying that we need to shift the metaphor of markets from “competition” to “cooperation.”
Cooperation isn’t just more important in the economic sphere—it’s also more common. Continue Reading…
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