Dreddit: Markets and Price-Setting: Thoughts on information, created goods and services, fixed-supply commodities, financial instruments, and other market values behave
I've been reflecting on Paul Mason's Postcapitalism, particularly as concerns what he identifies as a hum-dinger of information goods: Information goods destroy the price formation mechanism based on scarcity.
That's one of a few cases in which markets as price-setting mechanisms fail, or are subject to very high degrees of ambiguity...
Continued at the dreddit.
#economics #prices #markets #value #information #finance #luxury #assets
