"Too many free-market types want to pretend that economics alone—that is, absent insights from sociology, politics, or history—gives us all the explanation we need."

This is precisely the problem that I see so often in right libertarian economic thought (and from economists more generally). They study the economy and markets in a vacuum, divorced of their social, political, cultural, and historical context. Markets, however, cannot be extricated from these contexts. They are embedded in them, and consequently, those exogenous forces have effects on markets that should be studied. I think studying and analyzing markets and the economy without these important variables has lead many right libertarians to unfortunately, and perhaps unwittingly, support the very institutions, laws, and policies they claim to be against.

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