> The whole history of the Grateful Dead, > not to mention the huge IT project my beloved, > Lisa, is involved with is a big set of > counterfactuals that makes the above seem too > simplistic..... > > Ian
Of course it is was overly simplistic, as it was meant to be. It was just an abstraction based on my personal real life experiences. Reality, as I experienced it, is infinitely more complicated. But if the theory fails so miserably in such a simple, but not necessarily unrealistic, situation, do we need to test it against real life? By the way, among the implications of this is that perfect competition is not that "ideal" after all, of course, according to the neoclassical theory. Pass my feelings of solidarity to Lisa please. Best, Sabri
