A bad time to believe in markets?
By Rob Knight on Sunday, October 19th, 2008Given that ‘markets’ are currently deemed by many intelligent people to be responsible in some way for a string of global calamities, it might seem like an odd time to be promoting the virtues of markets. And yet, that’s what any prediction market advocate must do. How can we do this, and does this mean that we’re in favour of all markets everywhere? (more…)