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by s1artibartfast
13 days ago
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exactly zero serious people draw that connection, and it suggests that you either dont know what the term means or are constructing a strawman. Most of the economic literature for the last 150 has explored the constraints on markets and their function. The efficient market hypothesis TM is a very narrow theory about price information, it says nothing about Economic Development or Direction. It is a theoretical extreme that can be used to compare real world Systems. Further, China's success relies heavily on market processes |
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