Only on a very limited set of subjects. I don't think I differ in this from most here - we all have our areas of expertise, including you.
Kurt On Sat, Sep 10, 2011 at 09:28, Jonathan Link <[email protected]>wrote: > 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 > ~ 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
