Re: Markets (was Re: Hayek was right. Twice.)

2002-07-08 Thread Sampo Syreeni
On Thu, 4 Jul 2002, Ian Grigg wrote: See also the work of Eric Hughes, John Walker, the AMIX, Robin Hanson and others. Believe me, they're all known to me and properly appreciated. Well, the problem is that you are asking too much of one OS. If you want stability, use FreeBSD (we do). If you

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-04 Thread Mikko Särelä
On Thu, 4 Jul 2002, Sampo Syreeni wrote: But try constructing an Independence Day without Will Smith. Or the special effects. Or the soundtrack. Or the distribution chain. Try guaranteeing that it arrives on schedule without making a loss. Luckily movie industry will not be hit by the free

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-04 Thread Sampo Syreeni
On Wed, 3 Jul 2002 [EMAIL PROTECTED] wrote: Again, If you offered the average guy the deal Would you like on demand access to all movies and television shows ever made, even if it meant fewer and lower budget movie releases in future?, I think most people would go for on demand access to

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-04 Thread Sampo Syreeni
On Wed, 3 Jul 2002, Gabriel Rocha wrote: Property does not always consist of physical goods. Of course not. Am I not making this precise point? To use some of your examples, the polical process involves votes, which are the property of the person casting the ballots, likewise, at least in this

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-04 Thread jamesd
-- James A. Donald: Again, If you offered the average guy the deal Would you like on demand access to all movies and television shows ever made, even if it meant fewer and lower budget movie releases in future?, I think most people would go for on demand access to everything.

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-04 Thread Major Variola (ret)
At 10:25 AM 7/4/02 +0300, Mikko Sdreld wrote: Luckily movie industry will not be hit by the free distribution as bad as music industry. This is because a major portion of their money comes from people going to cinema to see the movies. They don't do that because they don't have a copy at home,

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-04 Thread Sampo Syreeni
On Thu, 4 Jul 2002 [EMAIL PROTECTED] wrote: A moment ago you were arguing maximum utility (your public good argument). I was still arguing precisely the same point. If the personal decision calculus of the individuals leads them to freeride, it will also lead them to prefer access to old stuff

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-04 Thread Sampo Syreeni
On Wed, 3 Jul 2002 [EMAIL PROTECTED] wrote: Again, If you offered the average guy the deal Would you like on demand access to all movies and television shows ever made, even if it meant fewer and lower budget movie releases in future?, I think most people would go for on demand access to

Re: Hayek was right. Twice.

2002-07-03 Thread Sampo Syreeni
On Tue, 2 Jul 2002, R. A. Hettinga wrote: Rival means that only one person can own something at once. That, technically, is the case with anything digitable. No. It is the case with the digitized version, but not the work. Nobody would argue that actual copies aren't normal, private goods. One

Re: Hayek was right. Twice.

2002-07-03 Thread R. A. Hettinga
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 At 12:41 PM +0300 on 7/3/02, Sampo Syreeni wrote: No. It is the case with the digitized version, but not the work. What is a CD but a copy of a work, Sampo? Record companies sell *records*, right? A copy on my hard drive is *my* copy. I can, in

Re: Hayek was right. Twice.

2002-07-03 Thread Marcel Popescu
From: Sampo Syreeni [EMAIL PROTECTED] But when the yield does not go to the one who created the master copy, why should anyone create anything, anymore? (Or, more realistically, why should people create at an efficient level?) There's no such thing as efficient level, except in the tautology

Re: Hayek was right. Twice.

2002-07-03 Thread Michael Motyka
Marcel Popescu [EMAIL PROTECTED] wrote : From: Sampo Syreeni [EMAIL PROTECTED] But when the yield does not go to the one who created the master copy, why should anyone create anything, anymore? (Or, more realistically, why should people create at an efficient level?) There's no such thing

Re: Hayek was right. Twice.

2002-07-03 Thread Sampo Syreeni
On Wed, 3 Jul 2002, R. A. Hettinga wrote: For me, this is all about Coase's theorem, transaction cost, Coase's observation that you can't have a market without property, Quite. Coase's reasoning demonstrated that any initial allocation of property rights is equivalent (both in the allocative

personal freedom vs copyright (Re: Hayek was right. Twice.)

2002-07-03 Thread Adam Back
There's been some recent discussion of ethics and markets relating to copyright prompted by the Orwellian sounding overtones of the latest Microsoft powergrab. Seems about time to replay my periodic reminder that copyright is not a black-and-white moral issue, it is merely a societal convention

Re: Hayek was right. Twice.

2002-07-03 Thread Sampo Syreeni
On Wed, 3 Jul 2002, Anonymous wrote: Ignoring market failures (such things as public goods and externalities), markets are efficient in the sense that they produce a Pareto optimal outcome. Even if you neglect market failures in the usual sense, an outcome such as everybody becoming a slave to

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-03 Thread jamesd
-- On 4 Jul 2002 at 1:26, Sampo Syreeni wrote: But try constructing an Independence Day without Will Smith. Or the special effects. Or the soundtrack. Or the distribution chain. Try guaranteeing that it arrives on schedule without making a loss. I think you will not be able to accomplish

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-03 Thread Gabriel Rocha
On Thu, Jul 04, at 01:26AM, Sampo Syreeni wrote: | I can't see a market defined as anything else than private property and | voluntary exchange. | | Then you really must be blind. Markets not based on private property or | volition abound. The political process is one of them.

Re: Hayek was right. Twice.

2002-07-03 Thread Sampo Syreeni
On Tue, 2 Jul 2002, R. A. Hettinga wrote: Rival means that only one person can own something at once. That, technically, is the case with anything digitable. No. It is the case with the digitized version, but not the work. Nobody would argue that actual copies aren't normal, private goods. One

Re: Hayek was right. Twice.

2002-07-03 Thread Marcel Popescu
From: Sampo Syreeni [EMAIL PROTECTED] But when the yield does not go to the one who created the master copy, why should anyone create anything, anymore? (Or, more realistically, why should people create at an efficient level?) There's no such thing as efficient level, except in the tautology

Markets (was Re: Hayek was right. Twice.)

2002-07-03 Thread Marcel Popescu
From: Sampo Syreeni [EMAIL PROTECTED] There's no such thing as efficient level, except in the tautology the market outcome is always efficient. Only if you take as granted a market based on some fixed set of property rights and other rules of exchange. If you do this, there is no reason to

Re: Hayek was right. Twice.

2002-07-03 Thread Michael Motyka
Marcel Popescu [EMAIL PROTECTED] wrote : From: Sampo Syreeni [EMAIL PROTECTED] But when the yield does not go to the one who created the master copy, why should anyone create anything, anymore? (Or, more realistically, why should people create at an efficient level?) There's no such thing

Re: Hayek was right. Twice.

2002-07-03 Thread R. A. Hettinga
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 At 12:41 PM +0300 on 7/3/02, Sampo Syreeni wrote: No. It is the case with the digitized version, but not the work. What is a CD but a copy of a work, Sampo? Record companies sell *records*, right? A copy on my hard drive is *my* copy. I can, in

Re: Hayek was right. Twice.

2002-07-03 Thread Sampo Syreeni
On Wed, 3 Jul 2002, Marcel Popescu wrote: There's no such thing as efficient level, except in the tautology the market outcome is always efficient. Only if you take as granted a market based on some fixed set of property rights and other rules of exchange. If you do this, there is no reason to

Re: Hayek was right. Twice.

2002-07-03 Thread jamesd
-- We both created stuff we didn't expect to be paid for - these emails. On 3 Jul 2002 at 20:49, Sampo Syreeni wrote: True. But somehow I fail to see how one can scale this sort of reasoning to entail anything approaching one of the current TOP10 movies. First, lost of people make

Re: Hayek was right. Twice.

2002-07-03 Thread Sampo Syreeni
On Wed, 3 Jul 2002, R. A. Hettinga wrote: For me, this is all about Coase's theorem, transaction cost, Coase's observation that you can't have a market without property, Quite. Coase's reasoning demonstrated that any initial allocation of property rights is equivalent (both in the allocative

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-03 Thread jamesd
-- On 4 Jul 2002 at 1:26, Sampo Syreeni wrote: But try constructing an Independence Day without Will Smith. Or the special effects. Or the soundtrack. Or the distribution chain. Try guaranteeing that it arrives on schedule without making a loss. I think you will not be able to accomplish

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-03 Thread Sampo Syreeni
On Wed, 3 Jul 2002, Marcel Popescu wrote: I can't see a market defined as anything else than private property and voluntary exchange. Then you really must be blind. Markets not based on private property or volition abound. The political process is one of them. Social control is another. Gift

Re: Markets (was Re: Hayek was right. Twice.)

2002-07-03 Thread Gabriel Rocha
On Thu, Jul 04, at 01:26AM, Sampo Syreeni wrote: | I can't see a market defined as anything else than private property and | voluntary exchange. | | Then you really must be blind. Markets not based on private property or | volition abound. The political process is one of them.

Re: Hayek was right. Twice.

2002-07-03 Thread Sampo Syreeni
On Wed, 3 Jul 2002, Anonymous wrote: Ignoring market failures (such things as public goods and externalities), markets are efficient in the sense that they produce a Pareto optimal outcome. Even if you neglect market failures in the usual sense, an outcome such as everybody becoming a slave to

Hayek was right. Twice.

2002-07-02 Thread R. A. Hettinga
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 At 8:41 PM +0200 on 7/2/02, AAA, our Anonymous Austrian Amphibolizer blathers: If it's encrypted, and it's on my hard drive, than it's my property. I own it, not someone else. That's a private good. I can turn around, and sell it to you. You can

Re: Hayek was right. Twice.

2002-07-02 Thread R. A. Hettinga
At 7:09 PM -0400 on 7/2/02, R. A. Hettinga wrote: Touchi mon pidant, touchi... Shit. All that fancy option-e accent whatchamacallit nonsense with the old mac here, and it comes back i. Somebody call the French language police and send Steve Jobs off to jail. And, yeah, I know, the screed I

Hayek was right. Twice.

2002-07-02 Thread R. A. Hettinga
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 At 8:41 PM +0200 on 7/2/02, AAA, our Anonymous Austrian Amphibolizer blathers: If it's encrypted, and it's on my hard drive, than it's my property. I own it, not someone else. That's a private good. I can turn around, and sell it to you. You can

Re: Hayek was right. Twice.

2002-07-02 Thread R. A. Hettinga
At 7:09 PM -0400 on 7/2/02, R. A. Hettinga wrote: Touchi mon pidant, touchi... Shit. All that fancy option-e accent whatchamacallit nonsense with the old mac here, and it comes back i. Somebody call the French language police and send Steve Jobs off to jail. And, yeah, I know, the screed I