Bros treat it like a law of nature.
"nah brah it's just rational actors rationally acting with rationality"
Supply and demand is a thing the same way the convention of shaking hands upon meeting is a thing.
"nah brah it's just rational actors rationally acting with rationality"
Supply and demand is a thing the same way the convention of shaking hands upon meeting is a thing.
If supply and demand is just a convention, they what are the alternatives?
I guess I’m ignorant, but central planning is the only one I can think of.