5 Reasons Markets Are More About Coordination Than Competition

This article gives 5 reasons that markets are better described as systems of social coordination instead of systems of competition. Monopoly markets exist. If there’s a monopoly there isn’t any competition. Some may argue that monopolistic markets are inefficient but that isn’t always true. Granted, it’s far easier for these markets to break down but … Read more 5 Reasons Markets Are More About Coordination Than Competition