Re: Progressive Information Aggregation Institutions?

[Michael Perelman]

> Robin, we have discussed your question quite a bit in the past.  Polls are
> obviously flawed.  The people who play the Iowa game are fairly well informed,
> so they can use information that goes beyond a simple poll.
>
> I don't think that markets do a particularly good job of managing
> information.  The wild swings in the stock market do not seem to have anything
> to do with the arrival of information.
>
> A few people on the list are sympathetic to the Hayekian view of markets.  We
> exhausted that discussion, so much so that I called a halt to the discussion.
>
> I know that at one time your colleague, Don Lavoie, was trying to do something
> like you seem to want to do.
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]