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To: bobdsmith
How do economic markets have a purpose and goal?

You're kiddin' right? :-}

Just joshing.

The purpose of markets is to put a buyer together with a seller so that both profit form the experience.

256 posted on 01/26/2006 4:12:06 PM PST by jwalsh07
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To: jwalsh07

Perhaps market is the wrong word then.

I was assuming the market is a system that emerges as a result of many people wanting to buy and sell with each other. Throw in a few thousand people and the system becomes very complex and chaotic. Order forms - there appears to be an overall direction and purpose, and the assumption might be that a super intelligence would be necessary to control something that complex. But there is noone guiding the direction of the overall system, and it has no purpose. It wanders of its own accord. What appears intelligently design is simply a consequence of lots of "dummies" trading with each other.


261 posted on 01/26/2006 4:20:31 PM PST by bobdsmith
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