Re: North on ideology

2002-08-12 Thread AdmrlLocke
In a message dated 8/12/02 8:49:19 PM, [EMAIL PROTECTED] writes: << I haven't read Tucker, but I've always thought that Von Mises is correct when he says that the essential mark of socialism is that "one will alone, acts, irrespective of whose will it is" (Human Action, p 695.) To me, this "

Re: North on ideology

2002-08-12 Thread AdmrlLocke
In a message dated 8/12/02 8:48:56 PM, [EMAIL PROTECTED] writes: << I don't know what the term "neoconservative" means, nor do I understand why that particular label is relevant to this discussion. >> I'm not sure that anyone knows what it means or rather, that there's any common agreement

Re: Why Compact Cars Identical?

2002-08-12 Thread AdmrlLocke
In a message dated 8/12/02 7:29:54 PM, [EMAIL PROTECTED] writes: << Having just bought a new car, I disagree that compact cars look "identical." The Honda Civic I settled on clearly "looks like" a Honda Civic, and the Ford Focus and Hyundai Elantra I didn't buy each had its own unmistakeable lo

Re: Savings Rates

2002-08-12 Thread AdmrlLocke
In a message dated 8/12/02 5:57:09 PM, [EMAIL PROTECTED] writes: << One might also want a separate category of savings which excludes non-reproducible assets such as paintings or land value, since, for example, if the value of a painting rises, this is an increase in the net worth of the owner,

Re: Reading recommendation

2002-08-12 Thread john hull
--- Bryan Caplan <[EMAIL PROTECTED]> wrote: "I enthusiastically recommend: Kraus, Malmfors, and Slovic. 1992" Sounds like a great article. K, M, & S aren't alone. Here's some stuff from Rothman & Lichter's "Is Environmental Cancer a Political Disease?" published in the book "The Flight F

Re: Why Compact Cars Identical?

2002-08-12 Thread fabio guillermo rojas
> << Or to rephrase in economic terms, risk averse managers prefer copying > a proven strategy (low risk/low payoff) than engaging in R&D (high > payoff/high risk). > reduce drag coefficients to increase fuel economy. The summer I sold cars > (1997 at a Pontiac-Mazda-Jeep-Eagle dealer) one of

Re: Savings Rates

2002-08-12 Thread William Dickens
>Economic income is consumption plus the change in >net worth (c.n.w.), Not in national income and product accounts. It is current income minus consumption. Current income does not include appreciation of assets. Further, if you want savings to be equal to the flow of investment in the NIPA th

Re: Savings Rates

2002-08-12 Thread William Dickens
You can check the article but that is my memory (I'm at home now and can't check the article myself). When they added capital gains in real estate and equities to the flow of savings to get change in wealth they got high savings rates. - - Bill William T. Dickens The Brookings Institution 1775

RE: North on ideology

2002-08-12 Thread Alex Robson
Kevin Carson wrote: > As for socialism, its defining characteristic is not necessarily the absence >of private property rights. Tucker simply defined socialism by two >criteria: the beliefs that 1) all value was created by labor; and 2) that >labor should get 100% of its product. In his view,

RE: North on ideology

2002-08-12 Thread Alex Robson
Kevin Carson wrote: >>I haven't read the Pipes book. He's a neoconservative, isn't he? I don't know what the term "neoconservative" means, nor do I understand why that particular label is relevant to this discussion. >I've read Bethell's book in parts, and skimmed through most of it. It >st

Re: Why Compact Cars Identical?

2002-08-12 Thread Joel Simon Grus
Having just bought a new car, I disagree that compact cars look "identical." The Honda Civic I settled on clearly "looks like" a Honda Civic, and the Ford Focus and Hyundai Elantra I didn't buy each had its own unmistakeable look. Even the new Toyota Corollas and Mazda Proteges I've seen on the

Re: Why Compact Cars Identical?

2002-08-12 Thread AdmrlLocke
In a message dated 8/12/02 4:18:25 PM, [EMAIL PROTECTED] writes: << Or to rephrase in economic terms, risk averse managers prefer copying a proven strategy (low risk/low payoff) than engaging in R&D (high payoff/high risk). Fabio >> That certainly looked true toward the end of the 1980s, when

Re: Savings Rates

2002-08-12 Thread Fred Foldvary
--- William Dickens <[EMAIL PROTECTED]> wrote: > look at the question of whether savings rates are low if we define savings > as change in wealth rather than income minus consumption. Economic income is consumption plus the change in net worth (c.n.w.), so Savings = income - consumption Savings =

Re: Savings Rates

2002-08-12 Thread AdmrlLocke
In a message dated 8/12/02 2:42:47 PM, [EMAIL PROTECTED] writes: << William Dickens wrote: > Gale and Sabelhaus do not answer the question that you ask but they do look at the question of whether savings rates are low if we define savings as change in wealth rather than income minus cons

Re: Why Compact Cars Identical?

2002-08-12 Thread fabio guillermo rojas
> That makes sense for the cars all made by the same company, or which > share subcontractors. But Toyota, Honda, Subaru, and Ford all make cars > with virtually the same shape and layout. > Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu Among management theory/organizational sociology

Re: Why Compact Cars Identical?

2002-08-12 Thread AdmrlLocke
In a message dated 8/12/02 2:42:35 PM, [EMAIL PROTECTED] writes: << Wouldn't it be easier to produce cheap cars if all models were similar to each other? Ie, you wouldn't need to retool for every model - just make some cosmetic changes and keep the cost low? I think that was the idea behind the

Re: Why Compact Cars Identical?

2002-08-12 Thread John A. Viator
When I read this I thought that it must be wrong, since it is well known that a sphere maximizes volume/area. However, if cars traveled through tubes, this would be relevant. Cars, though, travel on planar roads so that a square cross section does maximize interior space. Longitudinal curvi

Re: Why Compact Cars Identical?

2002-08-12 Thread Eric Crampton
On Mon, 12 Aug 2002, fabio guillermo rojas wrote: > Wouldn't it be easier to produce cheap cars if all models were similar > to each other? Ie, you wouldn't need to retool for every model - just > make some cosmetic changes and keep the cost low? I think that was the > idea behind the Ford Escort

Re: Savings Rates -- asset/house prices -blogs

2002-08-12 Thread AdmrlLocke
In a message dated 8/12/02 2:42:34 PM, [EMAIL PROTECTED] writes: << I recall buying a couple of houses in Silicon Valley: put all your money down, plus whatever you could borrow from relatives;add your income to see how much you could afford to pay per month and get an 80% mortgage based on th

Re: Why Compact Cars Identical?

2002-08-12 Thread Robin Hanson
Fabio wrote: >Wouldn't it be easier to produce cheap cars if all models were similar >to each other? Ie, you wouldn't need to retool for every model - just >make some cosmetic changes and keep the cost low? I think that was the >idea behind the Ford Escort first, then other cars like the Hyndais >

RE: Savings Rates -- asset/house prices -blogs

2002-08-12 Thread Grey Thomas
I recall buying a couple of houses in Silicon Valley: put all your money down, plus whatever you could borrow from relatives;add your income to see how much you could afford to pay per month and get an 80% mortgage based on that; with the seller accepting a second as the difference from your d

Re: Why Compact Cars Identical?

2002-08-12 Thread fabio guillermo rojas
Wouldn't it be easier to produce cheap cars if all models were similar to each other? Ie, you wouldn't need to retool for every model - just make some cosmetic changes and keep the cost low? I think that was the idea behind the Ford Escort first, then other cars like the Hyndais and Kia. These we

Re: Savings Rates

2002-08-12 Thread Bryan Caplan
William Dickens wrote: > Gale and Sabelhaus do not answer the question that you ask but they do look at >the question of whether savings rates are low if we define savings as change in >wealth rather than income minus consumption. They conclude that were (at least at the >time of the arti

Re: Savings Rates

2002-08-12 Thread William Dickens
Hi Bryan, There are at least two official government savings rates. My guess is that you are referring to the individual savings rate from the National Income and Product Accounts. For a very good description of how it is computed and its advantages and shortcomings see Gale and Sabelhaus

Why Compact Cars Identical?

2002-08-12 Thread Robin Hanson
I went shopping for a compact car recently, and discovered that they are all quite similar - especially their physical shape. This seems remarkable in light of how much cars have varied over the years, and how people supposedly are willing to pay extra for a distinctive car. (And given how s

Re: North on ideology -- Free Markets, & Marketeers -- tunneling

2002-08-12 Thread Claudio Shikida
Hummbut I still wonder if North was rights. Maybe we are not sharing mental models...:-) - Original Message - From: "Kevin Carson" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Monday, August 12, 2002 8:20 AM Subject: RE: North on ideology -- Free Markets, & Marketeers -- tunneli

Reading recommendation

2002-08-12 Thread Bryan Caplan
I enthusiastically recommend: Kraus, Malmfors, and Slovic. 1992. "Intuitive Toxicology: Expert and Lay Judgments of Chemical Risks." *Risk Analysis* 12, pp.215-32. This article parallels my findings on systematic belief differences between economists and the public. It shows that similar sys

RE: North on ideology

2002-08-12 Thread Kevin Carson
>From: "Alex Robson" <[EMAIL PROTECTED]> >Are you (and North?) saying that socialism (whose defining feature is the >absence of private property rights) has been the “natural” state of >affairs, >and that private property rights are “unnatural”? > >If so, you might be interested to know that is

Re: North on ideology

2002-08-12 Thread Kevin Carson
Excellent point. For example, the commons which existed under the manorial system had at least as much claim to be "private" property as a joint-stock corporation. And any theory of private property should take into account that the Lockean system (with absentee ownership, landlordism, etc.)

RE: North on ideology -- Free Markets, & Marketeers -- tunneling

2002-08-12 Thread Kevin Carson
Interesting. Your remarks on tunnelling dovetail nicely with an excellent article by Sean Corrigan at LewRockwell.com: http://www.lewrockwell.com/corrigan/corrigan13.html Corrigan refers to privatization, as part of IMF-imposed "structural adjustments", as a carpet-bagger strategy for enabl

RE: efficient markets ...

2002-08-12 Thread Fred Foldvary
> I find this level of advice useful, but also frightening; I don't have even > $10 000 to invest now, so maybe I'm better off staying out. Or just buy > some ShareBuilder dollar cost averaging; not going to subscribe to a > newsletter ... > Tom Grey For less than $10K, one can buy into a mutual