RE: [Futurework] Two sorts of evolutionary economics (the paradoxicalrelation of pure theory to reality)

[Harry Pollard]

Ed,   Yet there is competition in the airline business.   However, the problem consists of such things as the distribution of Gates and similar monopolistic parts of the business.   Harry   ******************************************** Henry George School of Social Science of Los Angeles Box 655  Tujunga  CA  91042 Tel: 818 352-4141  --  Fax: 818 353-2242 http://haledward.home.comcast.net ********************************************   From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Ed Weick Sent: Sunday, January 11, 2004 11:59 AM To: Brad McCormick, Ed.D. Cc: Keith Hudson; [EMAIL PROTECTED] Subject: Re: [Futurework] Two sorts of evolutionary economics (the paradoxicalrelation of pure theory to reality)   Brad:   > But the modern person who believes objects really > do move in straight lines forever, just like the modern > person who beleves in perfect competition, has a > grossly distorted view of their environment. You can't "believe" in perfect competition, all you can do is understand it as the ideal state of the market given a number of assumptions.  Nor is it always necessarily the ideal state.  Much depends on the size relationship between the firm and the market.  Where firms are tiny and powerless and markets large you might have something approaching perfect competition.  But where firms, to operate efficiently, must be large relative to the market, as in e.g. the airline business, you really can't have very much competition.   Ed     --- Incoming mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.560 / Virus Database: 352 - Release Date: 1/8/2004

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