The Importance of Inevitable Ignorance

“The model of a rational person with abundant access to information & seemingly in equality with others does not exist”.
~Voltaire: ‘Candide’~

Indeed, this is why Austrian economists reject the model of “perfect” competition that provides an excuse for govt intervention when reality fails to match up with this unreasonably utopian notion of market processes.

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About christopher

Content of "Natural Order" attempts to reflect the commitment of Universidad Francisco Marroquin to support the development of a society of free & responsible individuals. The principal commentator for this blog is Christopher Lingle.

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