Market transactions reveal private preferences that social norms suppress: by letting people buy and sell anonymously or simply according to revealed willingness to pay, markets supply things that public opinion condemns and suppress things that public opinion praises but nobody actually wants. This framing explains why regulation that aims only at public moral signaling can produce perverse outcomes when it ignores market revealed preferences.
— If accepted, this idea shifts arguments over censorship, safety rules, and welfare away from moral rhetoric toward tests of revealed preference and second‑order social effects, affecting policies on content moderation, parental controls, licensing, and consumer protection.
Isegoria
2026.11.10
100% relevant
Bryan Caplan’s line from the article (and his forthcoming book Unbeatable): 'They shield humanity from its own Social Desirability Bias' — the article’s examples (shameful products people secretly love; surge pricing; firing redundant workers) concretely illustrate the mechanism.
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