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 Originally Posted by wufwugy
Think of it like evolution. Natural selection exists because individuals mutate and choose breeding partners, and this all happens within large populations. The market mechanism is the same. Individuals acting freely and with self-interest within a population of others doing the same creates an evolving competitive market
Any system will evolve given rules and time. The reason we can speak about evolution so robustly is because we can apply the scientific method to it. Economics is not the same and it cant be studied the same way.
So it's an evolving system, sure, but you can't think of it like evolution.
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