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Smith tells how the straight capitalist economic law of supply and demand rarely governs the auction process, and how the beliefs and actions of the auction participants determine values.
The folder may include clippings, announcements, small exhibition catalogs, and other ephemeral items.
Letter from Charles W. Smith at the Washington Historical Quarterly in Seattle, Wash., to Dallas Herndon of the Arkansas Historical Commission.
Charles Smith examines what markets teach us about coping with ambiguities and unexpected happenings. Starting with why knowledge is fickle and 'stuff happens' he explores what markets tell us about the strengths and weaknesses of explanatory accounts for making sense of and routines for ignoring such problems.