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1 Debate

"market inefficiency" is an incoherent phrase

Jon_Smith
Korashk

Efficient is a term used to describe a course of action taken to achieve a goal. I don't personally know what the goal of the market is. Considering the market is a term given to a bunch of free individuals pursuing their values, it is unclear that their goals would overlap in a way that a coherent term can even be given to the "aggregate goals of free individuals". So we don't know what the goal of all free individuals is, we don't know all the actions that free individuals take to go about ach...

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