Finance has a Role to Play: The Role of Markets.....

" In economies that lack markets, individual calculations of value are neceaasrily imprecise ( the Wisdom of crowds ), and exchanges of goods and services are generally inefficient. Markets offer two important benefits. FIRST, they centralize and simplify trade, thereby reducing the costs of exchange, and increasing the potential rewards to the designers of new artifacts. SECOND, they give designers a valuation technology, that is, an easier way to calculate the values that others will place on a new design for an artifact.