Doc Searls has a deep understanding of economics:
Chill, folks. Markets are public places where makers and vendors offer users and customers lots of choice. Not coliseums where gladiators kick and stab each other to death while the rest of us cheer over bruises and blood.
Markets are not games, and game theory has limited applicability to economics.
posted at: 13:20 | path: /economics | permanent link to this entry