more on this theme | more from this thinker | more from this text
Full Idea
Markets are characterised by transparency. Prices are public, and all relevant activity is visible to everyone. And because of competition, profits are minimal, little more than a 'wage' for the seller.
Gist of Idea
Markets are transparent, with known prices and activity, and minimal profits
Source
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
Book Ref
-: 'London Review of Books' [ 0], p.23
A Reaction
This account, from Braudel, is to distinguish markets from capitalism.