You make it sound like people should be open minded and reasonable.  Sheesh,
what's next, compassion?

 - WJR


On Sun, Sep 11, 2011 at 09:27, 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*****
>
> *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*****
>
> *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****
>
>  ****
>
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