Q for environmental economists

2002-07-18 Thread john hull

Howdy,

As ad hominem arguments fly around the internet, I
seem unable to get an impartial opinion.  Would those
who study the envirnment give me the straight dope on
The Skeptical Environmentalist by Bjorn Lomborg?  His
economic arguments seem pretty sound, and this
statistical methods, from what I can tell (not much?)
seem good.  However, I would really enjoy an unbiased
review (however brief it may be) from someone more
knowledgeable than me.

Sincerely from a barefooted, gap-toothed
mouthbreather,
-jsh

=
...for no one admits that he incurs an obligation to another merely because that 
other has done him no wrong.
-Machiavelli, Discourses on Livy, Discourse 16.

__
Do You Yahoo!?
Yahoo! Autos - Get free new car price quotes
http://autos.yahoo.com




RE: Why are the simple folk so wrong WAS Republican Reversal

2002-07-18 Thread Michael Etchison

Alex Tabarrok:
Yes, this is precisely my point.

It is not a pleasant experience to genuinely consider the possibility
that the reason one is not persuasive is that one is mistaken.

I try to limit my doing so to only two or three times a year, or I'd
never get anything done.

g

Michael

Michael E. Etchison
Texas Wholesale Power Report
MLE Consulting
www.mleconsulting.com
1423 Jackson Road
Kerrville, TX 78028
(830) 895-4005




Re: Republican Reversal -- from whence, belief?

2002-07-18 Thread Robin Hanson

Grey Thomas wrote:

Let us assume the Bible is not true; further, that there is no Biblical God.
Thus, no basis for ANY of the 10 commandments, nor thus for any absolute
moral good vs. evil.  So fornication, adultery, stealing, murder are not 
This obviously results in a selfish, mean society full of big and little
criminals who are constantly calculating how to cheat and steal the most
while getting away with it; life is for the current momentary pleasure. ...
Irrespective of the objective truth of the Bible, the superiority of a
Bible believing society is a position I strongly believe, 


Doesn't your position commit you to believing that the people in our 
society who do not believe in the Bible
are in fact mostly selfish mean criminals?  What empirical support is 
there for this claim?  






RE: Republican Reversal

2002-07-18 Thread Gray, Lynn

Perhaps it is just me but calling my faith wrong is more offensive than
calling my economics wrong.

Alex, I am sorry if I misunderstood your intent. I think you do raise a
great question. However the two a little different...

If I am wrong about my belief that the Bible is true (at least the first few
chapters) then what is my cost (risk)? Nothing. It really costs me nothing
to disbelieve the evidence of evolution. However there is risk (cost) in the
other position if it turns out the Bible is right.

In terms of farm subsidies if a person who supports them is wrong (as we
agree he is) then there is a cost to them.

In summary: In terms of religious doctrine related to our origins there is
no cost associated with being wrong however there is a cost related to being
wrong about economics.

Lynn

-Original Message-
From: Anton Sherwood [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, July 17, 2002 6:21 PM
To: [EMAIL PROTECTED]
Subject: Re: Republican Reversal


Gray, Lynn wrote:
 By saying it was inappropriate I meant it was rude. I am aware of the
 weight of the evidence in regard to human evolution. However, to say
 that those who believe in Biblical creation are  dumb/ignorant is at
 the very least less than good manners.

Worse than saying the same of people with wrong ideas about economics?

-- 
Anton Sherwood, http://www.ogre.nu/




RE: Republican Reversal

2002-07-18 Thread Eric Crampton

On Thu, 18 Jul 2002, Gray, Lynn wrote:

 In summary: In terms of religious doctrine related to our origins there is
 no cost associated with being wrong however there is a cost related to being
 wrong about economics.

Actually, Caplan's rational irrationality point is that there is no cost
to being wrong about EITHER of these.  Any individual voter will make zero
difference in political outcomes, so beliefs not founded on fact or
science are just as costless in voting space as in religious space.  Check
out one of Caplan's articles on the topic -- www.bcaplan.com .. links can
be found under his academic economics section.

 
 Lynn
 
 -Original Message-
 From: Anton Sherwood [mailto:[EMAIL PROTECTED]]
 Sent: Wednesday, July 17, 2002 6:21 PM
 To: [EMAIL PROTECTED]
 Subject: Re: Republican Reversal
 
 
 Gray, Lynn wrote:
  By saying it was inappropriate I meant it was rude. I am aware of the
  weight of the evidence in regard to human evolution. However, to say
  that those who believe in Biblical creation are  dumb/ignorant is at
  the very least less than good manners.
 
 Worse than saying the same of people with wrong ideas about economics?
 
 -- 
 Anton Sherwood, http://www.ogre.nu/
 
 





Re: Q for environmental economists

2002-07-18 Thread Jacob W Braestrup

I assume that you have visited his website http://www.lomborg.com

there you may find answers to many of your questions

I am not an environmental economist, but welcome (and agree with) most 
if not all of the things that lomborg has said. And the fact that it 
needed to be said has in my view been confirmed by the reaction from 
established environmental science (going for the man, not the ball)

What environmentalists need to do fisrt and foremost are to learn that 
resources are not infinite (actually, it's almost amusing that THEY 
can't see that), and that they therefore need to price the 
environment like any other thing: Because thus is the only way to make 
infinite demands (including environmental needs) be met by finite 
resources. 

That’s more or less my five cents on the subject.


- jacob braestrup

 Howdy,
 
 As ad hominem arguments fly around the internet, I
 seem unable to get an impartial opinion.  Would those
 who study the envirnment give me the straight dope on
 The Skeptical Environmentalist by Bjorn Lomborg?  His
 economic arguments seem pretty sound, and this
 statistical methods, from what I can tell (not much?)
 seem good.  However, I would really enjoy an unbiased
 review (however brief it may be) from someone more
 knowledgeable than me.
 
 Sincerely from a barefooted, gap-toothed
 mouthbreather,
 -jsh
 
 =
 ...for no one admits that he incurs an obligation to another merely 
because that other has done him no wrong.
 -Machiavelli, Discourses on Livy, Discourse 16.
 
 __
 Do You Yahoo!?
 Yahoo! Autos - Get free new car price quotes
 http://autos.yahoo.com
 
 

-- 
NeoMail - Webmail




RE: Republican Reversal

2002-07-18 Thread Jacob W Braestrup

Lynn wrote:
 In terms of farm subsidies if a person who supports them is wrong (as 
we
 agree he is) then there is a cost to them.

NO! There is a cost to society as a whole (including the individual) if 
the majority is wrong about farm subsidies - but the individual has no 
effect on this majority what so ever. Hence there are no marginal costs 
from being totally in the dark about the effect of farm subsidies. This 
is the essence of rational irrationality: that it is in fact rational, 
because it is costless (at the margin, to the individual).

This distinguishes rational irrationality from outright (or irrational) 
irrationality(e.g. believing you can fly, when you are working on the 
roof of a tall building).

Note that it may be rational irrationality to believe you can fly if 
you live in a cave and never venture out, since your belief is never 
confronted with reality. This is in fact how rational irrationality may 
be caught out most easily: when people are confronted with a non-
costless experiment involving their belief in question (religious 
soldiers confident of the honour - and afterlife reward - of dying in 
battle actually facing an enemy shooting at them; or a religious man 
believing in eternal damnation for fornication actually meeting a model 
willing to have sex with him))

The above is based on explanations and examples taken from Bryan's work 
on the subject (to be found on his website). Any misinterpretations are 
of course mine.

yours

jacob braestrup  






RE: Republican Reversal -- from whence, belief?

2002-07-18 Thread john hull

This seems awfully off topic, but the notion that
atheism implies an immoral society is not true.  For a
primer, visit:
www.infidels.org/library/modern/nontheism/atheism/morality-and-atheism.html

Regarding believing biblical creation, every person
should know that the Bible contradicts itself on
creation.  One example: 

GE 1:11-12, 26-27 Trees were created before man was
created.
GE 2:4-9 Man was created before trees were created.

Insisting on the LITERAL truth a story that is
internally inconsistent does not put one on the
logical or factual high ground.

That said, courtesy demands that I welcome rebuttals,
but I'll not continue on this tangent myself.

Thanks,
-jsh


__
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RE: Republican Reversal -- from whence, belief?

2002-07-18 Thread Grey Thomas

 Irrespective of the objective truth of the Bible, the 
 superiority of a
 Bible believing society is a position I strongly believe, 
 
 
 Doesn't your position commit you to believing that the people in our 
 society who do not believe in the Bible
 are in fact mostly selfish mean criminals?  What empirical support is 
 there for this claim?  
 
 
Most folks criminals/immoral? Not at all, only generally more immorally
acting people as belief goes down.

Further, I derive support for this from limited thought experiments:
Society A: more Atheist,
Society B: more Bible Believing.

In which society do I expect more fraud? more cheating spouses 
promiscuity? more theft? more murder?
Well, even without empirical support, I believe B will be better for me to
live in, whether I, personally, am a weak Episcopalian/ agnostic/ atheist/
or devout believer.

I'd be very interested in your answers to the following:
1) Which of the two Societies, more Atheist or more Believing, do you
believe would be better?
2) Do you have empirical support for your belief?
3) Does empirical support matter in this case?

Recall this is my initial attempt to answer Alex's question about what
changes peoples' minds.  But my 2  3 challenges above also touch on the
Occam's razor issue earlier and the burden of proof with respect to the
existence of God.

I do not think the atheist has to prove there is no God -- his job is much
harder.  He has to prove, empirically, that an more atheist society is
better than one with more believers.  Until he can do so, it seems quite
rational for believers who want a better overall society to remain
believers--don't you think?

Not to leave it unsaid, the recent Nazi  Commie attempts at atheistic
societies in practice (empirical evidence?) make me think any anti-believer
has a lot of problems.

Tom Grey, 
an American Libertarian/neo-conservative, happily living in ex-Commie
Slovakia
(you're welcome to write me directly too)
[EMAIL PROTECTED]







Re: Republican Reversal -- from whence, belief?

2002-07-18 Thread Alex Tabarrok

Tom Grey wrote

 Further, I derive support for this from limited thought experiments:
 Society A: more Atheist,
 Society B: more Bible Believing.
 
 In which society do I expect more fraud? more cheating spouses 
 promiscuity? more theft? more murder?
 Well, even without empirical support, I believe B will be better for me to
 live in, whether I, personally, am a weak Episcopalian/ agnostic/ atheist/
 or devout believer.

The data do not seem to support the hypothesis  England and France, for
example, are much less bible believing than the U.S. but overall have
lower crime rates (and despite their reputation the French are
apparently not especially promiscious).  The U.S. South is much more
bible believing than the North but crime rates are higher.  Atheism
increases with education and income (even more clearly bible beleving
falls with education and income) but crime falls with education and
income.  

The hypothesis is not well framed but if we were to say simply that
societies with more bible believing should have lower crime rates etc.
than that is even more decisively refuted because most of the world is
not bible believing and the Asian societies, in particular, appear to
have lower crime rates etc.  

It's tricky, but by some measures Confucian's, for example, can be
considered atheists (Confucious was a person not a god) albeit not
secular atheists.  I have little doubt that you will find that
Confucian's in the United States say have lower rates of crime etc. than
bible believers.

None of this controls for other factors, of course, so I do not
claim causality and of course counter-examples can be found (no need to
mention them) but the limited-evidence ought to be enough to cast doubt
on the limited thought experiments.

Alex


-- 
Dr. Alexander Tabarrok
Vice President and Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621-1428
Tel. 510-632-1366, FAX: 510-568-6040
Email: [EMAIL PROTECTED]




Re: New article on cooperation the brain

2002-07-18 Thread chris macrae

jolly good, perhaps prospective CEOs should be scanned
chris macrae [EMAIL PROTECTED] 
www.valuetrue.com
- Original Message - 
From: john hull [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: 18 July 2002 17:03 PM
Subject: New article on cooperation  the brain


 Just published today in the journal Neuron; here's a
 news release:
 
 www.sciencedaily.com/releases/2002/07/020718075131.htm
 
 __
 Do You Yahoo!?
 Yahoo! Autos - Get free new car price quotes
 http://autos.yahoo.com
 
 





SV: Q for environmental economists

2002-07-18 Thread Chresten Anderson

Being from Denmark I have been able to read the two previous books by
Lomborg. The first is essentially the same as the sceptical environmentalist
and the second is an answer to some of the attacks on him by the Greens. In
his English version he has updated the first book and incorporated some of
the valid points from the greens that he acknowledged in the second.

However both versions of the Sceptical Environmentalist are essentially
updated versions of Julian Simon's The Ultimate Ressource (both versions),
but without the explicit theoretical framework. Lomborg is pro-government
and does therefore not present the pro-market arguments that explain why the
state of the environment is as it is.

Lomborg's primary problem is not accepting the economics behind his claim;
that we are not running out of ressources. And without the understanding
that a market is necessary to price the environment he does not get the
reasons why the environment is getting better rather than worse.

As understood by

Chresten Anderson

-Oprindelig meddelelse-
Fra: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]Pa vegne af
john hull
Sendt: 18. juli 2002 07:14
Til: [EMAIL PROTECTED]
Emne: Q for environmental economists


Howdy,

As ad hominem arguments fly around the internet, I
seem unable to get an impartial opinion.  Would those
who study the envirnment give me the straight dope on
The Skeptical Environmentalist by Bjorn Lomborg?  His
economic arguments seem pretty sound, and this
statistical methods, from what I can tell (not much?)
seem good.  However, I would really enjoy an unbiased
review (however brief it may be) from someone more
knowledgeable than me.

Sincerely from a barefooted, gap-toothed
mouthbreather,
-jsh

=
...for no one admits that he incurs an obligation to another merely because
that other has done him no wrong.
-Machiavelli, Discourses on Livy, Discourse 16.

__
Do You Yahoo!?
Yahoo! Autos - Get free new car price quotes
http://autos.yahoo.com





Re: Q for environmental economists

2002-07-18 Thread awarnick

Also, if you are interested in a review of Lomborg's book by a non-economist 
who is right-thinking nonetheless (and an excellent jurist), check out 9th 
Circuit Court of Appeals Judge Alex Kozinski's review in an upcoming issue of 
the Michigan Law Review.  The issue is dated May 2002 but hasn't come out yet 
(any day now).  The review, entitled Gore Wars, is both informative and 
entertaining reading.  (Kozinski's writing style is very conversational and 
this review includes Star Wars references - Kozinski likes to spice up his 
writing, even from the bench).

While Judge Kozinski is not an economist, he keeps abreast of the junk 
science and Chicken Little concerns associated with the environmentalist 
movement.  Kozinski's review points out instances where Lomborg and his work 
were unfairly criticized by the environmental scientists.  Additionally, the 
review suggests a double-standard in environmental science - Lomborg's book 
contained a few errors (out of hundreds of pages of data) that he corrected on 
his web site (and these errors provided some of the ammunition for his critics) 
while several of these critics' predictions never came to fruition or were just 
plain wrong, but they did not publicly acknowledge their mistakes or errors.  I 
recommend Judge Kozinski's review to anyone interested in reading Lomborg's 
book (which is filled densely with data that may not frighten economists, but 
might dissuade others from picking it up).

Full disclosure: I am a Book Review Editor of the Michigan Law Review and did 
some editing of Kozinski's piece.

Ashlie Warnick


Quoting Jacob W Braestrup [EMAIL PROTECTED]:

 I assume that you have visited his website http://www.lomborg.com
 
 there you may find answers to many of your questions
 
 I am not an environmental economist, but welcome (and agree with) most 
 if not all of the things that lomborg has said. And the fact that it 
 needed to be said has in my view been confirmed by the reaction from 
 established environmental science (going for the man, not the ball)
 
 What environmentalists need to do fisrt and foremost are to learn that 
 resources are not infinite (actually, it's almost amusing that THEY 
 can't see that), and that they therefore need to price the 
 environment like any other thing: Because thus is the only way to make 
 infinite demands (including environmental needs) be met by finite 
 resources. 
 
 That’s more or less my five cents on the subject.
 
 
 - jacob braestrup
 
  Howdy,
  
  As ad hominem arguments fly around the internet, I
  seem unable to get an impartial opinion.  Would those
  who study the envirnment give me the straight dope on
  The Skeptical Environmentalist by Bjorn Lomborg?  His
  economic arguments seem pretty sound, and this
  statistical methods, from what I can tell (not much?)
  seem good.  However, I would really enjoy an unbiased
  review (however brief it may be) from someone more
  knowledgeable than me.
  
  Sincerely from a barefooted, gap-toothed
  mouthbreather,
  -jsh
  
  =
  ...for no one admits that he incurs an obligation to another merely 
 because that other has done him no wrong.
  -Machiavelli, Discourses on Livy, Discourse 16.
  
  __
  Do You Yahoo!?
  Yahoo! Autos - Get free new car price quotes
  http://autos.yahoo.com
  
  
 
 -- 
 NeoMail - Webmail
 






Et tu, Armchair?

2002-07-18 Thread James Haney

I just had to endure an evolution/religion flame war on the Republican Liberty
Caucus of Texas mailing list (the moderator had to shut down the list to restore
civility), and now it's spread to Armchair.

Can't we all just get along?

James





Re: New article on cooperation the brain

2002-07-18 Thread Cyril Morong

The news release mentions that they played a prisoner's dilemma game and
that all of the subjects were women. It did not say exactly what the
payoffs were but they were awarded money.

The article also said:

Mutual cooperation was the most common outcome in games played with
presumed human partners in both experiments, even though a player was
maximally rewarded for defecting when the other player cooperated. 

When I play the prisoner's dilemma in class, I see very little cooperation.
 I do it with coins, face to face.  If they both play heads, they get 3
each.  1 if they both play tails.  If person A plays head while person B
plays tails, A gets 0 and B gets 5.  There are repeated trials and the
students simultaneously open their hands to see the other's coin. After
each trial they have to at least pretend that they might be changing their
choice.  Close hands, open again.

It is only played for extra credit, not money.  But I still see very little
cooperation (heads).  Over the years, I have not noticed that women are
especially more cooperative than men.  So it is very surprising to see the
above quote.

Maybe I am running the game wrong somehow and that is why I get little
cooperation.  If anyone has any suggestions, please email me.

Cyril Morong





Re: New article on cooperation the brain

2002-07-18 Thread fabio guillermo rojas


 When I play the prisoner's dilemma in class, I see very little cooperation.

I know one researcher who has repeated a trust game (not prisoner's
dilemma)  with many classes of students and groups of business men.

He finds that students are remarkably untrustworthy and businessmen
tend to give their trust quite frequently. He thinks that students
are socially isolated from each other and have little experience
in social worlds were trust is common, unlike business men. 

I wouldn't be surprised if there were a similar difference when you
P.D. Can anybody confirm or reject this claim about students?

Fabio





Re: New article on cooperation the brain

2002-07-18 Thread CyrilMorong
In a message dated 7/18/02 4:36:44 PM Central Daylight Time, [EMAIL PROTECTED] writes:


 When I play the prisoner's dilemma in class, I see very little cooperation.

I know one researcher who has repeated a trust game (not prisoner's
dilemma) with many classes of students and groups of business men.

He finds that students are remarkably untrustworthy and businessmen
tend to give their trust quite frequently. He thinks that students
are socially isolated from each other and have little experience
in social worlds were trust is common, unlike business men. 

I wouldn't be surprised if there were a similar difference when you
P.D. Can anybody confirm or reject this claim about students?

Fabio

The part about students being socially isolated from each other and lacking social experienceis interesting. Are there any studies that might confirm this? I teach at a community college, so the students probabl mix with each other less than they do at other colleges. If I recall correctly, I did obsverve more cooperation when I played this game at a small liberal arts college that I used to teach at.

Cyril Morong


RE: Q for environmental economists

2002-07-18 Thread Alex Robson

Chresten Anderson wrote:

Lomborg's primary problem is not accepting the economics behind his claim;
that we are not running out of ressources. And without the understanding
that a market is necessary to price the environment he does not get the
reasons why the environment is getting better rather than worse.

My reading of the book suggests that this is not completely true, but maybe
I'm reading more into Lomborg than I should.  To take just two examples,
consider Lomborg's take on water resources (p 156 of The Skeptical
Environmentalist):

It is likely that more sensible pricing will both only secure future water
supplies but also increase total social efficiency

and

Adequate pricing turns out to be the main issue for water problems.  When
water is a free resource - as it typically has been throughout the ages - we
consume as much as we can (given our private costs).


Or, consider his view of private property rights in China (p 67):

The crucial change occurred when the Chinese leadership initiated economic
reforms in the 1970s...Equally significant was the fact that they now
allowed people to own property and sell goods: China's production potential
was set free and it experienced a drastic increase in production.


It sounds to me like he understands economics just fine.

Alex

Dr Alex Robson
School of Economics
Faculty of Economics and Commerce
Australian National University
Canberra ACT 0200.
AUSTRALIA
Ph +61-2-6125-4909

 -Original Message-
From:   [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]  On Behalf Of
Chresten Anderson
Sent:   Friday, 19 July 2002 4:11 AM
To: [EMAIL PROTECTED]
Subject:SV: Q for environmental economists

Being from Denmark I have been able to read the two previous books by
Lomborg. The first is essentially the same as the sceptical environmentalist
and the second is an answer to some of the attacks on him by the Greens. In
his English version he has updated the first book and incorporated some of
the valid points from the greens that he acknowledged in the second.

However both versions of the Sceptical Environmentalist are essentially
updated versions of Julian Simon's The Ultimate Ressource (both versions),
but without the explicit theoretical framework. Lomborg is pro-government
and does therefore not present the pro-market arguments that explain why the
state of the environment is as it is.



As understood by

Chresten Anderson

-Oprindelig meddelelse-
Fra: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]Pa vegne af
john hull
Sendt: 18. juli 2002 07:14
Til: [EMAIL PROTECTED]
Emne: Q for environmental economists


Howdy,

As ad hominem arguments fly around the internet, I
seem unable to get an impartial opinion.  Would those
who study the envirnment give me the straight dope on
The Skeptical Environmentalist by Bjorn Lomborg?  His
economic arguments seem pretty sound, and this
statistical methods, from what I can tell (not much?)
seem good.  However, I would really enjoy an unbiased
review (however brief it may be) from someone more
knowledgeable than me.

Sincerely from a barefooted, gap-toothed
mouthbreather,
-jsh

=
...for no one admits that he incurs an obligation to another merely because
that other has done him no wrong.
-Machiavelli, Discourses on Livy, Discourse 16.

__
Do You Yahoo!?
Yahoo! Autos - Get free new car price quotes
http://autos.yahoo.com





Re: New article on cooperation the brain

2002-07-18 Thread john hull


--- Cyril Morong [EMAIL PROTECTED] wrote:
Maybe I am running the game wrong somehow and that is
why I get little cooperation.

Are you teaching on the West Coast?!  Just kidding. 
(Maybe not entirely*)  I recall from my psych days
that a notable thing about the prisoner's dilemma is
that cooperation obtains.  I got the impression that
the result was robust.  Perhaps a perusal of psych
literature may shed some light on the subject--they
have a long history in dealing with human subjects, so
there might be something to learn.  I'm stuck in a
backwater (pop. 1,500) with a one-room library, so I
can't help look.  Sorry I can't be more helpful.

jsh

*I went to the Univ. of Oregon and found attitudes
regarding considerate-ness significantly different
from my native Michigan.  That's where I really
learned to appreciate the significance of the
following quote:

=
...for no one admits that he incurs an obligation to another merely because that 
other has done him no wrong.
-Machiavelli, Discourses on Livy, Discourse 16.

__
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http://autos.yahoo.com




Re: New article on cooperation the brain PD??

2002-07-18 Thread john hull


--- fabio guillermo rojas
[EMAIL PROTECTED] wrote:
I wouldn't be surprised if there were a similar
difference when you P.D. Can anybody confirm or reject
this claim about students?

I'm awfully sorry, what does P.D. mean?

Thanks,
jsh


__
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Yahoo! Autos - Get free new car price quotes
http://autos.yahoo.com




Re: limited liability

2002-07-18 Thread LFC.NET Registrar

A) To accept passive investments

Would you purchase stock in WorldCom if you'd be liable for their debts?

B) To allow for high risk ventures

Would you start a satellite communications company or biotech research firm
knowing if it failed you'd be liable for billions of dollars in debt?

There are many other reasons, but these two are the must crucial.

Also, two misconceptions:

A) That limited liability shields liability from consequence of actions.

No, officers are liable of any criminal actions (fraud, etc) of a company,
and any employee (owner or not is irrelevant) may be sued directly for
liabilities their actions caused due to negligence.

B) That the State creates limited liability.

Limited liability entities existed prior any state sanction, let alone state
enforced monopoly over them.

Adam


- Original Message -
From: [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, July 18, 2002 7:40 AM
Subject: limited liability[via LSMTP - see www.lsoft.com]


What is the economic argument for limited liability of corporations?
Can anyone suggest some readings on this?

Jason DeBacker








RE: limited liability

2002-07-18 Thread Alex Robson

Jason DeBacker wrote:

What is the economic argument for limited liability of corporations?
Can anyone suggest some readings on this?

For starters, I would recommend:

Easterbrook, Frank and Fischel, Daniel (1991) The Economic Structure of
Corporate Law, Harvard University Press.

After that, you could read the papers referred to in this book.

Alex


Dr Alex Robson
School of Economics
Faculty of Economics and Commerce
Australian National University
Canberra ACT 0200.
AUSTRALIA
Ph +61-2-6125-4909

 -Original Message-
From:   [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]  On Behalf Of
[EMAIL PROTECTED]
Sent:   Thursday, 18 July 2002 11:40 PM
To: [EMAIL PROTECTED]
Subject:limited liability

What is the economic argument for limited liability of corporations?
Can anyone suggest some readings on this?








Re: New article on cooperation the brain

2002-07-18 Thread fabio guillermo rojas


 The part about students being socially isolated from each other and lacking 
 social experienceis interesting.  Are there any studies that might confirm 
 this?  I teach at a community college, so the students probabl mix with each 
 other less than they do at other colleges. If I recall correctly, I did 
 obsverve more cooperation when I played this game at a small liberal arts 
 college that I used to teach at.
 Cyril Morong

Interesting. I should note that isolated doesn't mean literally
isolated (college students do live in dorms!) but that acheivement
in college is mainly through individual effort, while sucess in
business really is a team effort. Fabio