[MD] Philosophical cultural event

craigerb at comcast.net craigerb at comcast.net
Mon Aug 15 13:03:27 PDT 2011


[Jan-Anders]
> A good example showing that Ayn Rand's objectivism is equal to suboptimization.

Optimal economic transactions are impossible to reach--they would require perfect
information & perfectly rational agents.  Free markets have the advantage that 
good economic transactions tend to be rewarded & bad ones discouraged.

[Jan-Anders]
> Business is based on economic deals. But no one can make a quality deal on his own.

Correct--this is the basis of free markets.
Craig
P.S. The You-Tube mockumentary was hilarious.  Those were the good old days, when all we
had to worry about was economic problems in Indonesia. 






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