&gt; Saying a market economy is the end of economic history is like saying physics is over.<p>Regarding &quot;the end&quot;...in the tradition Varoufakis is from, and what I am talking of, that word doesn&#x27;t really come into play.  In this respect, you are talking about discrete math and we are talking about continuous math - there are discrete elements, stops and starts with the ideology you&#x27;re talking about, the predominant ideology.  With our ideology there are not starts and ends, there is thesis, there is antithesis, and then there is synthesis.<p>In a sense, physics has ended.  Aristotelian physics ended in the 17th century of Galileo and Newton.  Their physics ended in the early 20th century of Einstein and quantum mechanics.<p>You can look at it discretely like that, or continuously if you wish, one transforming to the other.<p>I mean let&#x27;s look at it another way.  The United Kingdom has a reigning monarch.  It&#x27;s a kingdom, technically.  The feudalism hasn&#x27;t &quot;ended&quot;.  It&#x27;s just irrelevant.  The people with power in the UK today are the prime minister, as well as industrialists like Richard Branson.  The titles haven&#x27;t ended, they&#x27;ve just become irrelevant.<p>Also, if you have as you say, models that out-predict and out-perform markets, then you have real just-in-time production and shipping and planning and so forth, and it starts to become more of a planned economy.  A planned economy is just one where production is based on real want, although the phrase has picked up other connotations.<p>There are other factors as well.  What are called &quot;commodities&quot; (although that may even change) are increasingly not a car, or vegetable or whatnot, but a piece of intellectual property - a book, an app, whatever.  No scarcity - it is created, published and can instantly be distributed all over the world, virtually for free.  The first one is very expensive, every subsequent copy is virtually free.  This is not a commodity as we traditionally know it, and commodities are the bedrock of our modern market.