1 Comment
User's avatar
Christian Miller's avatar

Where do you think the intuitive distaste for markets comes from (if you grant that it exists)? Is it that markets improve the legibility of our status hierarchies, and we would prefer to not have our relative value to others be quantifiable? That unfortunately might make the benefits of markets inseparable from negative moral intuitions about them.

Although I don't know how I would square this argument with the even more rigid and quantifiable status hierarchies that existed in largely marketless feudal societies, even amongst the top stratum of individuals that had some sort of power.

Expand full comment