I've read the best economics texts out there, and have studied this for years. Just for starters, I recommend the following, in order by author last name, all of which you can find at http://www.mises.org:
Antritrust: The Case For Repeal - Dominick T. Armentano Defending The Undefendable - Walter Block Critics Of Keynsean Economics - Henry Hazlitt Hunan Action - Ludwig von Mises The Case Against The Fed - Murray Rothbard The Mystery Of Banking - Murray Rothbard Man Economy And State - Murray Rothbard Information asymmetry is inevitable, and trying to curb it via regulation will not only fail, it will inhibit the right of contracts. In a free market, mechanisms for information sharing arise naturally, for instance, UL, Consumer Reports, Car and Driver, AAA, Yelp, Angie's List, and so on. Kurt On Thu, Sep 8, 2011 at 22:40, Ken Schaefer <[email protected]> wrote: > Actually it does. It is one of the fundamental pre-requisites for a > properly functioning free market. You should read a microeconomics text J- > you’ll find this in chapter 1 J**** > > ** ** > > Information asymmetry is one of the main causes of market failure: e.g. > look at markets like insurance where prices are non-efficient due to the > relative knowledge of a client’s health. Or why prices for used cars are so > much below a brand new car. All caused because both parties to the > transaction do not have access to the same level of information.**** > > ** ** > > Cheers**** > > Ken**** > > ** ** > > *From:* Kurt Buff [mailto:[email protected]] > *Sent:* Friday, 9 September 2011 11:51 AM > > *To:* NT System Admin Issues > *Subject:* Re: DigiNotar compromise**** > > ** ** > > No, a free market doesn't presume anything about information being equally > available. Freedom != equality.**** > > On Thu, Sep 8, 2011 at 16:32, Jonathan Link <[email protected]> > wrote:**** > > Wrong.**** > > The free market presumes that information is equally available. **** > > And please don't go down the iPhone thread route again. That just got > silly, and you know it.**** > > On Thu, Sep 8, 2011 at 6:28 PM, Kurt Buff <[email protected]> wrote:**** > > And in practice. > > Outside the textbook, laws and regulation which don't respect property and > contract rights robs the market of its ability to make decisions. **** > > > > > **** > > On Thu, Sep 8, 2011 at 13:28, Andrew S. Baker <[email protected]> wrote:** > ** > > *>>**A free market doesn't guarantee good results, just better results > than anything else.* > **** > > In theory. Outside of the textbook, the abundant use of free market often > requires regulatory intervention... > > **** > > *ASB***** > > *http://XeeMe.com/AndrewBaker <http://xeeme.com/AndrewBaker>***** > > *Harnessing the Advantages of Technology for the SMB market…***** > > > > **** > > On Thu, Sep 8, 2011 at 3:52 PM, Kurt Buff <[email protected]> wrote:**** > > On Thu, Sep 8, 2011 at 10:28, Ben Scott <[email protected]> wrote: > > On Wed, Sep 7, 2011 at 11:05 PM, Ken Schaefer <[email protected]> > wrote: > >>> There's no rule that says that has to happen. It would appear > >>> that most people chose price over security, and so far that has > >>> generally meant that those who value security more are left > >>> without any really satisfying vendor. > >> > >> If there's a market, or even if someone thinks there's a market, plus a > >> way to make it profitable, then you can bet someone will start something > up. > > > > You ignore startup costs, network effects, and other barriers-to-entry. > > > > Start, sure. Succeed or see any real adoption? Not so certain. > > The free market is not a panacea.**** > > A free market doesn't guarantee good results, just better results than > anything else. > > Kurt**** > > ** ** > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > --- > To manage subscriptions click here: > http://lyris.sunbelt-software.com/read/my_forums/ > or send an email to [email protected] > with the body: unsubscribe ntsysadmin**** > > ** ** > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > --- > To manage subscriptions click here: > http://lyris.sunbelt-software.com/read/my_forums/ > or send an email to [email protected] > with the body: unsubscribe ntsysadmin**** > > ** ** > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > --- > To manage subscriptions click here: > http://lyris.sunbelt-software.com/read/my_forums/ > or send an email to [email protected] > with the body: unsubscribe ntsysadmin**** > > ** ** > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > --- > To manage subscriptions click here: > http://lyris.sunbelt-software.com/read/my_forums/ > or send an email to [email protected] > with the body: unsubscribe ntsysadmin**** > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > --- > To manage subscriptions click here: > http://lyris.sunbelt-software.com/read/my_forums/ > or send an email to [email protected] > with the body: unsubscribe ntsysadmin > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ --- To manage subscriptions click here: http://lyris.sunbelt-software.com/read/my_forums/ or send an email to [email protected] with the body: unsubscribe ntsysadmin
