Hence my earlier comment in this thread, quoted below for reference. "No, you argue. And you have a tendency to argue yourself into a corner and not be able to 1) get out of it or 2) acknowledge that your argument has trapped you.
And it's not as if economics is the only area where you've done this." On Sun, Sep 11, 2011 at 10:27 AM, Ken Schaefer <[email protected]> wrote: > Sorry, this is just rubbish. You have a list of books that push a > particular PoV – completely untested anywhere in the real world. There is no > balance in that list of books.**** > > ** ** > > You don’t have a balanced approach to a currently unresolved topic. And > whilst you might not recommend Samuelson’s work (which is microeconomics per > se), he won a Noble prize, unlike yourself. Given that this text sells a few > hundred thousand copies a year, I suspect it’s a little bit authoritative > than most others. However, even if we discard Samuelson (which I didn’t read > when I was at Uni, so I’m not sure of the contents – though I do have two > copies from the 1970s), there are another hundred best sellers on the > amazon.com list that all state the same. At some point, you need to > reconsider your world PoV.**** > > ** ** > > Cheers**** > > Ken**** > > ** ** > > *From:* Kurt Buff [mailto:[email protected]] > *Sent:* Sunday, 11 September 2011 12:15 AM > > *To:* NT System Admin Issues > *Subject:* Re: DigiNotar compromise**** > > ** ** > > 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
