Adam Smith is used to bolster self interest and lack of government intervention mostly due to one paragraph in his book "Wealth of Nations": that says (approximately) "It is not from the beneolence of the butcher, the baker and the canlestick maker we get our daily bread but from their self interest." THis is used by many conservatives to justify a lack of governmnetal regulation and "laissez faire". But actually Smith wrote much else about economics including the need for government regulation , especially in a second book called "Theory of moral sentiments".

You can also see review in Hall and Klitgaard "ENergy and the wealth of Nations: An introduction to BioPhysial Economics. (Springer, 2nd edition)

Good day Charles, thank you for commenting.

My paper brings you to other type of perfect markets that can be understood with parallel logic to traditional market theory plus provides a way to state the structure of each market in ways different but consistent with supply and demand theory... when you have a look at it....

Lucio

While I think your paper is useful in examining ways in which "perfect" markets are not, it needs an example of a real physical market that even approaches perfection for my brain to start with. Do you have one such example for me to think about?

Charles

You do not seem to ask yourself about Adam Smith perfect market by socio-environmental externality assumptions, can we find a real perfect traditional market?. This paper is about other types of perfect markets Adam Smith could have proposed if he was thinking in terms outside economy only markets... in some.papers I show why the perfect traditional market is not a true perfect market and in other papers I show that traditional market thinking is a golden trojan paradigm, a flawed paradigm assumed to be optimal...

Are you familiar with my publications on the structure of perfect green markets, perfect red markets and perfect sustainability markets and how they would behave under perfect market competition?

I appreciate your comments!

Nope. Just asking for a real example of a market that approaches "perfect".

Okay, Charles, let's leave it here.

Respectfully yours;

Lucio