this post was submitted on 25 Dec 2023
581 points (95.5% liked)

World News

32362 readers
499 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] FuckyWucky@hexbear.net 20 points 11 months ago* (last edited 11 months ago) (1 children)

natural prices can only exist in an environment where every consumer and producer has all the information and is completely rational.

if you are rich and a vegetable seller who typically charges $5 for a vegetable charges you $10 you are unlikely to bargain as you would consider it a waste of your time and energy and just buy it. is this person being rational by not wanting to waste their time or irrational because they aren't squeezing more out of the seller.

read this too

[–] rottingleaf@lemmy.zip 1 points 11 months ago

My two comments combined do not contradict what you say.

Thx for the link, I'll look at it