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)
A Reaction
This account, from Braudel, is to distinguish markets from capitalism.
Book Reference
-: 'London Review of Books' [ 0], p.23