3 thoughts on “Markets work

  1. raghu ram prasad Wednesday February 21, 2007 / 9:15 pm

    very nice blog you have presented, visit me soon

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  2. shiv Thursday February 22, 2007 / 2:05 pm

    Kinky, though the ad denies it. The guy who did the research is even kinkier…

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  3. Aditya Athalye Friday February 23, 2007 / 1:24 pm

    babies are traditionally weaned away from mother’s milk… assuming this is a prudent practice (many traditional practices are) i’ll be surprised if a.o. wilson would be believed widely… but that is another matter.

    i think the market will only discover the prudence (real benefit and welfare) of drinking human breast milk over time… again, assuming a large enough number of such transactions happen to support a.o. wilson’s claim.

    i think the appearance of human breast milk demand only highlights that initiating voluntary trade is easy in a market with small information asymmetry… and if the demand is met, then it will prove that it is possible to match buyers and sellers for otherwise highly improbable transactions.

    benefit and welfare improvement will be apparent only over time.

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