> Jim Devine > >In general, the world of capitalism is dynamic and never >attains equilibrium (except for short-lived periods).
Jim, I agree with your position. I have a question. If one removes equilibrium and Pareto where is the normative claim for market outcomes? In other words, assuming they did a fairly good job of it, why not have government simply give people basic biological needs (food, water, shelter, healthcare, etc.)? Jay _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
