Dear Members of the Discussion Group:
Social Credit is opposed to the policies of central economic planning
and state ownership of the means of production. Social credit asserts
that the essential problems of production have been solved long ago and
that the primary economic problem is
I'm glad that I asked, Bill. The new economics in Veblen's time was
the Austrian economics of the late 19th century, based on the subjective
theory of value and the concept of opportunity costs. Veblen's critique
of Austrian economics centered on what he felt was a neglect of
evolutionary
On Monday 10 Nov 2003 2:55 am, Bill wrote:
**An enterprising consumer may buy consumer goods
from a retailer. Then, he can open up his own
business to resell them. Will subsidies be given to
the latter?
Why not? If the retailer keeps good records, things
that he
Thanks for this information. By the way, in using
the term sounding board I didn't intend for you to
be a strawman. A sounding board is something that
you bounce off of. I am a firm believer in the
Socratic method of adversarial discussion in that it
helps all discussants - on all sides of the
**If I buy from a retailer at the discounted price,
goods to sell in my unregistered Spaza shop, my
customers get the benefit of the lower price
anyway...**
That's right, I hadn't thought of that. It is
obviously correct. Thanks, Jessop. But what is a
Spaza shop?
The point
John, I could answer your question off the cuff but
would rather put it to the members of the
[EMAIL PROTECTED] list , which has several
capable economist members.
I am separately sending you an invitation to join the
list.
On my end I will do some research so I can reply from
an informed
