Single Idea 24071

[catalogued under 24. Political Theory / D. Ideologies / 11. Capitalism]

Full Idea

Markets are characterised by transparency. Prices are public, and all relevant activity is visible to everyone. And because of competition, profits are minimal, little more than a 'wage' for the seller.

Gist of Idea

Markets are transparent, with known prices and activity, and minimal profits

Source

William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)

Book Reference

-: 'London Review of Books' [ 0], p.23


A Reaction

This account, from Braudel, is to distinguish markets from capitalism.