From: Shane Mage The fallacy here is that neither "costs" nor "benefits" can be either "valued" or "measured" before the fact, since the future (as Keynes pointed out in very strong terms) is not a stochastic process governed by a known probability distribution of possible outcomes.
^^^^^ CB: Some of the future is substantially forseeable. It was forseeable to Ford that a significant number of Pinto's would have rear end collisions and explode. That's the key knowable future here. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
