http://www.debate.org/debates/?order=1&sort=&member=Jon%5FSmith Customize this RSS feed by going to http://www.debate.org/rss/ en-us 2013-05-18T05:53:53-08:00 2013-05-18T05:53:53-08:00 http://www.debate.org/debates/market-inefficiency-is-an-incoherent-phrase/1/ (Voting Period) 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 achieving those goals, therefore market inefficiency is incoherent. I've never heard an argument made for "market inefficiency" that amounted to anything more than: "Free individuals aren't acting in a way that I would personally prefer for them to act." http://www.debate.org/debates/market-inefficiency-is-an-incoherent-phrase/1/comments/ 2010-04-10T20:19:49-08:00