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Tag: simon johnson

Property Rights, Markets, and Human Progress

April 7, 2015 Jason Sorens

In my last post, I talked about how prices give us both a signal and an incentive. A falling price tells a producer that a good is needed less, and so that producer will direct resources elsewhere, where the profits are higher. A rising price tells a producer that a good is needed more, and so that producer will direct […]

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