[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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