MarketThink is a term coined by Tom Slee for the ideology of markets as ideal solutions for all problems. The first corollary is that problems markets cannot solve are ignored, dismissed, or considered unimportant. The second corollary is that government and other social choice opposes the benefits of markets.
- Economism: Bad Economics and the Rise of Inequality (book) (3 links)
- "This conviction that the world must behave the way it does on the blackboard is what I call economism. This style of thinking is influential because it is clear and logical, reducing complex issues to simple, pseudo-mathematical axioms. But it is not simply an innocent mistake made by inattentive undergraduates. Economism is Economics 101 transformed into an ideology—an ideology that is particularly persuasive because it poses as a neutral means of understanding the world."
- No One Makes You Shop At Wall Mart: The Surprising Deceptions Of Individual Choice (book) (1 link)
- Tom Slee's easy to read game-theoretic description of how MarketThink, the dogma of individual choice, does not lead to optimal outcomes.
MarketThink is guaranteed to erode public space and public goods in the city.
Tom Slee, "No One Makes You Shop At Wall Mart: The Surprising Deceptions Of Individual Choice" pg. 63.