Re: Free Market
[ QUOTE ]
Assumption: Market actors act rationally and in their best interests
[/ QUOTE ]
I wouldn't say this is true. I think the free market theory would assume that people are most likley to act in what they perceive to be their best interests most of the time. Its more of a general observation than a hard and fast rule.
I think a more problematic assumption is that markets can regulate themselves.
This is why we don't live in free market society.
|