His framing is that markets are collective consensus and if you claim to “know better”, you need to write a lot more than a generic post. It’s so simple, and it is a reminder that antirez’s reputation as a software developer does not automatically translate to economics expert.
I think you are mixed up here. I quoted from the comment above mine, which was harshly and uncharitably critical of antirez’s blog post.
I was pushing back against that comment’s snearing smugness by pointing to an established field that uses clear terminology about how and why markets are useful. Even so, I invited an explanation in case I was missing something.
Anyone curious about the terms I used can quickly find explanations online, etc.
I prefer the concepts and rigor from political economy: markets are both preference aggregators and coordination mechanisms.
Does your framing (voting machines and weighing machines) offer more clarity and if so, how? I’m not seeing it.