Re: [OT] bread prices and economics
- From: Curt Howland <Howland@xxxxxxxxx>
- Date: Fri, 30 Mar 2007 17:30:42 -0400
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On Friday 30 March 2007 14:05, Celejar <celejar@xxxxxxxxx> was heard
to say:
The bottom line is that if the cost is the same or lower (the
assumption of the OP, because less processing is done), then given
perfect competition, the price should be, too.
Except that "perfect competition" does not exist. It is one of the
primary flaws of Keynesian economics.
Platonic Competition, By George Reisman
http://www.mises.org/story/1988
"The macroeconomic result was called perfect competition..."
http://www.mises.org/journals/qjae/pdf/qjae7_4_1.pdf
The Misesian Case against Keynes
http://www.mises.org/story/2492
- --
September 11th, 2001
The proudest day for gun control and central
planning advocates in American history
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