“Ceteris paribus” means “other things being equal”. So under the same conditions, yes markets will function the same.
Do you not know that all of the political regimes you mentioned had market economies? Slave markets are very famous examples of slavery. Feudal lords had market towns that made a lot of money trading. The USSR had a large underground market economy.
These were all constrained in some ways, as all markets are. But they didn’t change the fundamentals. The only way to do that is to challenge one of the assumptions I mentioned earlier.
Like if everyone suddenly became Buddhist and rejected material possessions, that would change economics. Just changing the government won’t do it.
And a large official one between organizations, just a bit counterintuitive for us. Some organization’s buying capacity was a logical AND of “funds” (formal units allocated to it by its ministry or planners or something) and “money” (rubles on balance of that organization, both earned and from central financing). It couldn’t trade with other organizations for more than its “funds” allowed.
“Ceteris paribus” means “other things being equal”. So under the same conditions, yes markets will function the same.
Do you not know that all of the political regimes you mentioned had market economies? Slave markets are very famous examples of slavery. Feudal lords had market towns that made a lot of money trading. The USSR had a large underground market economy.
These were all constrained in some ways, as all markets are. But they didn’t change the fundamentals. The only way to do that is to challenge one of the assumptions I mentioned earlier.
Like if everyone suddenly became Buddhist and rejected material possessions, that would change economics. Just changing the government won’t do it.
And a large official one between organizations, just a bit counterintuitive for us. Some organization’s buying capacity was a logical AND of “funds” (formal units allocated to it by its ministry or planners or something) and “money” (rubles on balance of that organization, both earned and from central financing). It couldn’t trade with other organizations for more than its “funds” allowed.