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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (38705)11/17/2009 4:59:14 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
The "Invisible Hand's" measure of allocation efficiency is a function of widespread market 'intelligence' (information about supply and demand and qualitative determinations, etc.)....

NOTHING anywhere is EVER 100% 'perfect' and, to the degree widespread dissemination of accurate market information and signals (reflecting factual data) is or gets impaired... then so too does the *efficiency* of the 'Invisible Hand'.