From: Max M (maxmcorp@worldonline.dk)
Date: Fri Nov 15 2002 - 06:56:48 MST
Reason wrote:
> Actually, the chief problems in economics today, IMHO, have little to do
> with human nature. The various sides have pretty much the same view on human
> nature. The rational actor in economics is fairly well understood.
You are aware that the latest Nobel Price in economy is given to Daniel
Kahneman who's reseacrh shows that we don't act rationally?
"Kahneman has also discovered how human judgment may take
heuristic shortcuts that systematically depart from basic
principles of probability."
> A free market would seem to be more natural than a managed market.
The word natural should be illegal! Don't confuse a natural law with if
something is "natural". Human society will allways be a social
construct. "Natural" has nothing to do with it.
> Markets start free, and get unfree when states stick their noses in.
People start unfree and get free when states stick their noses in. Or so
at least it has been so far in the democratic countries.
> Gah! This is a fundamental misunderstanding on your part. An economy exists
> whether or not anyone tries to implement one. Put five people in a room with
> one water cooler, and you already have an economy.
I know that. You can do simple game theory with only 2 people. But the
economy is not a simple economic system.
> Hurm. Well, IMHO, it'll help solve the problems that people are
> willing to pay resources to solve. A free market means you get more
> for less -- so you can solve more problems with X resources. Why
> should any other type of problem (the ones that people are not willing
> to pay resources to solve) be solved?
Because it is so easy to end in a local optimum.
"Why should my son learn to read, all he has to do is mind the farm when
I am dead."
"Oh I don't want to pay for health insurance, I rather want a new Big
screen TV. Next year i'll do the health thing."
"Why should I pay for science? There is nothing in it for me!"
regards Max M
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