Human Irrationality is an Argument For – Not Against – Free Markets

Human Irrationality is an Argument For – Not Against – Free Markets

If everyone was irrational all of the time we would be in big trouble. You’d never know when someone was suddenly going to swerve off the road for no apparent reason and drive into a building, or start babbling to you in tongues over the phone when all you wanted to do was order a pizza.[1]

That being said – people are irrational enough of the time, that behavioral economists are never done telling us that they are not suitable for a market economy …

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