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The market economy is very good at what it does, which is something like “exploit money-making opportunities” or “pick low-hanging fruit in the domain of money-making”.If you see a bill lying on the sidewalk, today is your lucky day.For example: Eliezer’s wife Brienne had Seasonal Affective Disorder.The consensus treatment for SAD is “light boxes”, very bright lamps that mimic sunshine and make winter feel more like summer.In the same way, suppose there’s a city full of rich people who all love Thai food and are willing to pay top dollar for it.
But if this were true, some entrepreneur could start a new hospital / clinic / whatever that delivered health care at lower prices and with higher profit margins.
Consider a freshman biology student reading her textbook who suddenly feels like she’s had a deep insight into the structure of DNA, easily worthy of a Nobel. For all of them to miss a brilliant insight sitting in freshman biology would be the same failure as everybody missing a on the floor of Grand Central, or all of Wall Street missing an easy opportunity to make money off of Google, or every entrepreneur missing a great market opportunity for a Thai restaurant.
So without her finding any particular flaw in her theory, she can be pretty sure that it’s wrong – or else already discovered.
Or: suppose you think that US cities don’t have good mass transit.
But if lots of people want better mass transit and are willing to pay for it, this is a great money-making opportunity.