13-9a0 “The price is the first and most obvious indication of the nature of the alternatives” – Philip Wicksteed

As Elie Ayache would argue, market—and price—is always there.Ayache

Put differently, the action axiom (which is implied in the multiverse) implies corresponding value scales and corresponding exchanges, which implies the market, which implies the price (both of barter and then of money).revisit

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• 13-9a0a The multiverse implies money, money price, and market exchange

Related:

• On price
  • 3-1a4b2 Price can only convey so much
  • 3-1a4b3 Thomas Sowell - ‘Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.‘
  • 3-1a4b5 Anything can be priced in principle. But not everything will be.
  • 13-1a3a2e5 Time component in prices emerges with the introduction of money
    • 10-2e4 Other times (in ‘our universe’) are just special cases of other universes. There is no demarcation between other times and other universes in the multiverse.