[MD] Dynamic Development at all costs?

craigerb at comcast.net craigerb at comcast.net
Sun Apr 20 14:07:04 PDT 2008


[Magnus]
> economic decisions are singlemindedly aimed at maximizing the 
> value of the market, i.e. money. So, it's intellect being a slave to 
> social value.

You have it backwards.  The most money is attracted to the ideas
that are deemed best in the free market.

[Magnus]
> full functioning of intellect by removing the need to waste 
> intellectual effort on social value like money.

It's money that "removes the need to waste intellectual effort."
Imagine if everyone had to make all their economic decisions
without a price mechanism.   Each person would spend so much
 time (& with so much uncertainty) trying to weigh relative values.
Craig 


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