| reply to LegoPower77
Re: My response to Martin's op-ed Also ...
Don't forget the biggest revolution of the past twenty years to absolutely BLAST all logical economic theory out of the water ... advertising.
People no longer buy the cheapest product.
They purchase the most lucrative lifestyle based on perceived value.
Frankly, I think psychological methods of advertising should be regulated, barred, destroyed, whatever, since they essentially ruin the market even in its "naturally perfect" state. Reality and theory do not always coalesce, especially in economics. |
