[Note: I mistakenly sent the last two messages to John Hull, instead of to the list. Sorry]
How is it a "market distortion" if no coercion is used? It seems to me that any form of voluntary exchange is maximizing the preferences of the participants as they see them. To set up a superior standard of "rationality" over such preferences requires appealing to an "economic man" model. The value preferences of the individual market actor are a given.
From: john hull <[EMAIL PROTECTED]> Reply-To: john hull <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Subject: Re: How do I convince New Agers that not everybody should get the same wage? Date: Wed, 14 Jan 2004 05:46:11 -0800
Fred Foldarvy wrote:
"'The sentiment seems to revolve around social justice: No person is worth any other, etc.'
So long as this stays within the club, what is the harm?"
Well, they're doing this to try to make the world a better place. If they choose to design the currency project so that the equal wage philosophy creates a distortion, it seems reasonable that such a distortion will make the project less effective in making the world a better place.
It's not that I want to rain on anybody's parade. Well, not in this particular instance, anyway.
And I do like "Blue Lines." Outstanding album.
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Anton Sherwood wrote:
"You've just expanded my knowledge of SbSp at least threefold. Proud?"
Heh, heh, heh. <---Evil Laugh
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Thanks for the tips, everybody.
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