[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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