On 10/6/07, a wrote: > I am skeptical that economies follow the self-organized criticality > behavior. > There aren't any examples. Some would cite the Great Depression, but it > was caused by the malinvestment created by Central Banks. e.g. The > Federal Reserve System. See the Austrian Business Cycle Theory for details. > In conclusion, economics is a bad analogy with complex systems. >
My objection to economic libertarianism is that it's not a free market. A 'free' market is an impossibility. There will always be somebody who is bigger than me or cleverer than me or better educated than me, etc. A regulatory environment attempts to reduce the victimisation of the weaker members of the population and introduces another set of biases to the economy. A free market is just a nice intellectual theory that is of no use in the real world. (Unless you are in the Mafia, of course). BillK ----- This list is sponsored by AGIRI: http://www.agiri.org/email To unsubscribe or change your options, please go to: http://v2.listbox.com/member/?member_id=8660244&id_secret=50792589-4d8a77
