Yes, everyone is (or the great majority of people are) wrong, you're right. This is your standard song, Kurt.
On Sat, Sep 10, 2011 at 12:15 PM, Kurt Buff <[email protected]> wrote: > Both 'Man, Economy and State' and 'Human Action' start from first > principles, and cover the ground far better than, for instance Samuelson, > which I've read in several editions, and which I can't recommend to anyone. > > What is taught in most university courses is just flat wrong, both in > approach and content. > > Kurt > > > On Sat, Sep 10, 2011 at 01:17, Ken Schaefer <[email protected]> wrote: > >> You will find transactions costs in any microeconomics text too. And >> whilst they can be related, they are not the same.**** >> >> ** ** >> >> None of the titles you listed before is actually a microeconomics text >> that you’d study in 1st year Uni. One needs to start from first >> principles – positive economics – not normative economics, which your list >> of texts is. Start from the theories of how things work, rather than reading >> books arguing about how the world should be.**** >> >> ** ** >> >> Cheers**** >> >> Ken**** >> >> ** ** >> >> *From:* Kurt Buff [mailto:[email protected]] >> *Sent:* Friday, 9 September 2011 9:59 PM >> *To:* NT System Admin Issues >> *Subject:* Re: DigiNotar compromise**** >> >> ** ** >> >> This is just another argument about imperfect information. See my earlier >> response.**** >> >> On Thu, Sep 8, 2011 at 22:45, Ken Schaefer <[email protected]> wrote:* >> *** >> >> Government regulations are not necessarily anti-competitive. Property >> rights are typically enforced through government regulation, as most other >> systems tend to break down in “right is might” chaos.**** >> >> **** >> >> In some areas, transaction costs inhibit the market: e.g. it simply costs >> too much for an individual to do their due diligence on a purchase. So >> governments set minimum standards, so that consumers can purchase with a >> level of confidence without needing to resort to their own >> investigation/verification.**** >> >> **** >> >> **** >> >> *From:* Kurt Buff [mailto:[email protected]] >> *Sent:* Friday, 9 September 2011 11:59 AM**** >> >> >> *To:* NT System Admin Issues >> *Subject:* Re: DigiNotar compromise**** >> >> **** >> >> Alrighty then.**** >> >> >> >> If you want us all to be more precise, I'll restate: >> >> Laws and regulations that inhibit the free exercise of individual's rights >> to their own property and right of contract (and by individuals I don't mean >> corporations), deny the ability of the participants in the marketplace >> (i.e., those who are buying and selling) to gain a correct signal in regard >> to supply and demand. If you can't sell what you have to me at a price and >> under conditions agreed to by both of us, we will not be making a >> transaction that satisfies our full mutual requirements. One of us, buyer or >> seller, will be come out behind on the transaction. >> >> Government regulations are by definition anti-competitive. >> >> This is basic economics. >> >> Kurt**** >> >> On Thu, Sep 8, 2011 at 19:53, Andrew S. Baker <[email protected]> wrote:* >> *** >> >> The *market* makes decisions? >> >> Where is this mythical market? The market is based on people, and if they >> can't be trusted to make good decisions without oversight when grouped >> together under the banner of government, they cannot be trusted to do so >> when grouped together under the banner of corporation or market. >> >> People, as we have oft observed on this very list, tend to make very bad >> decision -- more so in groups. >> >> *Theoretically* a free market system will operate better than many others >> under most circumstances, but in practice, a *little* bit of regulation is >> needed to make sure that the rules largely remain throughout the game the >> way they did at the beginning of the game. Most regulation, it might >> easily be observed, has come about when the leaders in a given market got >> too free with said market, to the detriment of other players in that market. >> >> But hey, don't let reality stop you from fawning over what could be... >> >> Oh, and I fully expect that in addition to "iPhone thread!" we're now >> going to have to endure months of "DigiNotar thread!" >> **** >> >> **** >> >> *ASB***** >> >> *http://XeeMe.com/AndrewBaker <http://xeeme.com/AndrewBaker>***** >> >> *Harnessing the Advantages of Technology for the SMB market…***** >> >> ** ** >> >> 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 > ~ 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
