Markets are human artefacts; however we often treat them as natural phenomenon in the same way we might treat a language. People are the ones who ultimately make language, but we feel have no control over it as it’s such an emergent phenomenon. Markets are emergent phenomenon too, but individual market-places have proprietors and groups of users and therefore markets are more amenable to change. When something isn’t working, we can change the rules!
Alvin E. Roth — Markets are human artefacts; however we often treat them as
Nobel Prize Economist; Designer of Market Matching Algorithms