> Zero-grow and shrinking economies can allocate resources well through markets.... | Hacker News

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		ianleeclark on Nov 3, 2020 \| parent \| context \| favorite \| on: Banks, QE, and Money-Printing > Zero-grow and shrinking economies can allocate resources well through markets. Capitalism isn't "a/many market(s)." Capitalism is much more than that, and one of those constituent pieces is profit-seeking.

chii on Nov 3, 2020 [–]

a functioning market require profit-seeking behaviour.

ianleeclark on Nov 3, 2020 | [–]

You could have a market of simple exchange without profit-seeking behavior. A market is just a collection of social relations wherein people exchange things.

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