Here is a big general question for you regarding markets:
What is the implication for your various analyses from the widespread
existence of black markets? Black markets have existed not only with
respect to specific commodities (drugs, alcohol, etc.), but in places such
as prisons, Nazi concentration camps, the Soviet Bloc. I will bet there are
even black markets in North Korea, for goodness sake.
Is that an interesting factual phenomena from your perspective? Is it
relevant to whether markets are natural and inherent in human relations, or
merely artificial creations?
David Shemano
