factual
Markets are designed and modified, not magical
Markets are human artifacts built by people to serve their participants; they do not appear magically in final form but are designed by companies, modified by users, regulators, and observers over time—like Uber being designed by a company, then regulated by cities and modified through experience.
factualpending
Speaker
Alvin RothEvidence Quote
“the idea that markets somehow appear magically is not a true statement about the way markets are. It's like talking about roadways. Roadways don't appear magically. We build them.”
Created: 6/13/2026, 12:30:11 AM
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