Sunday, November 27, 2011

Agorist Thesis #7

Agorist Thesis #7 - Prices are information. 



This is building off the previous theses, that Markets are better at managing and distributing information than any central authority.

Prices are information, they're signals to consumers, entrepreneurs, laborers, - everyone who participates in the market.  They are the information you need in order to make your own subjective judgements as to what to buy and what not to buy, what to sell, what not to sell, what to invest your time into, etc.

Prices affect, and at the same time are an effect of, supply and demand.  If the supply is low and the demand is high, the price will be set higher.  If the price is set low when there is a limited supply and high demand, it will cause the supply to diminish relative to the demand.

Agorist Theses originally from An Agorist Manifesto by Kyle Bennett.

8 comments:

  1. im economist my self love the blog :D

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  2. All about supply and demand and the information given to the public about it.

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  3. mmmnh... i wonder why no one has made conspiracies about tv stations and their ads tryign to rule the world!... ueaj i realyl pay attention more to ads than what my president says :O. also right now hard drives are in a crisys only 1 factory untouched with the floods of thailand, and it cant supply the world demand.. so yeah prices are already tripled Oo

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