Real markets mostly have it covered, because they have something close to [aggregated] utilons—money, and so exchanges between 2 different goods rarely take place.
Also, any business can be seen as a “side-channel trade”—the market value of one individual’s time is often lower than the value they can produce in cooperation with others.
Real markets mostly have it covered, because they have something close to [aggregated] utilons—money, and so exchanges between 2 different goods rarely take place.
Also, any business can be seen as a “side-channel trade”—the market value of one individual’s time is often lower than the value they can produce in cooperation with others.