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Riothamus's avatar

What if we view radical policies, when implemented, as discovering information about the actual distribution of important real world details?

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Lord's avatar

In traditional societies, you inherited your position, most production occurred within household/estates, most work was performed by slaves/serfs /servants/staff /family, and most living was only slightly above subsistence. Most incomes and prices other than food were set by custom and trading was often reciprocation. Trading occurred but only in select areas, generally chartered, regulated, and taxed. Markets and governments, just as customs and people, both existed changed and altered over time. Markets just did so more often, its chief advantage, but commonly reliant on the stability provided by government.

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