Market tyranny?

by Russ Roberts on November 12, 2007

in Podcast

For Joel Waldfogel, the glass always seems to be half-empty. In the latest episode of EconTalk, I suggest it’s half full. He argues that fixed costs reduce choices and can cause you to be punished by people with preferences that are different from yours. I argue that most of the time, other people’s preferences are irrelevant and that when they’re not, the market finds alternative ways to make us happy.

Comments

Add a Comment    Share Share    Print    Email

Previous post:

Next post: