[MD] Philosophical cultural event

[Michael R. Brown]

Hi, Craig -

> Optimal economic transactions are impossible to reach--they would require 
> perfect information & perfectly rational agents.

This is Von Hayek's "great conceit." Free market economics will really start 
striding when we join it with evolutionary psychology extended into the 
social sphere.

> Free markets have the advantage that good economic transactions tend to be 
> rewarded & bad ones discouraged.

Up to the point of creative destruction. Absolutely. It's an immense 
learning and guiding system.

> The You-Tube mockumentary was hilarious.

I've almost never seen anything so bad on TV. I could not believe my eyes 
how much it got wrong.


MRB
http://www.fuguewriter.com