View source for No One Makes You Shop At Wall Mart: The Surprising Deceptions Of Individual Choice

{{Chicago | Chicago = [[Tom Slee|Slee, Tom]]. 2006. ''[[No One Makes You Shop At Wall Mart: The Surprising Deceptions Of Individual Choice]]''. Between The Lines.}} <!-- two single quotes for italics -->
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[[Category:Book|Slee, Tom]]
[[Category:Tom Slee]]
[[Category:MarketThink]]
[[Category:Game Theory]]
[[Category:Leaving Libertarianism]]
[[Category:Economics 101]]
[[Category:Alternatives To Current Capitalism]]
[[Category:Individual Choice]]
{{Availability | isbn = 189707106X | https://b-ok.lat/book/2649877/906a24 | | }} <!-- can place links to online versions between the bars -->
{{DES | des = [[Tom Slee]]'s easy to read game-theoretic description of how [[MarketThink]], the dogma of individual choice, does not lead to optimal outcomes.    | show=}}
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The major theme of this book is that "individual choice" is an unreliable and treacherous guide in our pursuit of prosperity and happiness.  "Individual choice" has been a propaganda staple of [[MarketThink]].

Tom's major points:

; Individual choice does not give us what we want.
: Simple prisoner's dilemma and commons examples show that group choices can be better choices, even when individuals are rational.
; Freedom of choice promotes the private, degrades the public.
: This is the classic "privatize the profits, socialize the costs."
; Freedom of choice produces inequality based not on merit, but on luck.
: Because it produces a winner-take-all society, with rewards out of proportion to effort and benefit.
; Freedom of choice does not preclude the exercise of power.
: Collective action and collective choice are legitimate values too.
; Freedom of choice does not preclude exploitation.
: "Free exchange" gives the lion's share of the benefits to whichever party can more easily walk away from a deal.
; Predictability drives out quality.
: The market for lemons causes deadweight losses.
; Social exclusion is self-sustaining.
: Breaking barriers of exclusion is costly for defectors, maintaining the exclusion.  Very similar to the prisoners dilemma.

Highly recommended.

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