Dear Kevin, in the first, if i read your answer, i was a little confused. But after reading my mail again, i saw it. In the hostel the computer environment is very bad. I need more action to verify the texts, before i send. Markets can be very different things. And following of that our meaning about market can be very different. In the austrian economic theorie there is a very important point. The value of any thing is created on the market. I know, Michel don't have this extreme position. A place for exchange some products, based on the self-value (eigenvalue) in time can also have the name "market". But this is a very different thing as the orientation to a market in our developement of local economy with local production. many greetings, willi Bogota, Colombia Am 7/11/2014 6:28 PM, schrieb Kevin Carson:
Greetings to the bat detector van, Bogota, Bolonbia: "Austrian economics" goes back only to Menger and Bohm-Bawerk in the late 19th century. I'm pretty sure there have been advocates of "narkets" before then -- among them socialists like Thomas Hodgskin and Benjamin Tucker. And no less a socialist than Marx explained that "markets" as such (i.e. simple commodity production) do not equate to "capitalism."