That is the remarkable claim from the Senior Lecturer today:
Free markets, if they were to exist are dependent upon everyone having equal access to capital, the market and information. Unless that happens economic theory is quite explicit about the fact that, first of all, free markets do not exist and, second, abuse of markets is taking place.
Bill Gates has greater access to capital than I do. Therefore free markets do not exist.
I would love to see where economic theory is explicit about that. And of course Ritchie will be able to show us all, he does after all teach economics in a British university and we do not.