With all due respect to our respected economics scientist below (besides, he earned a Noble prize and I didn't... ;-) ), I do not concur with his theory.
BTW, I'm not even agreeing with the title of this topic!... 'Validates free-market metrication'??? I don't think so...
Marcus, I hardly expected to change your mind with this. I have read some of Smith's writing (see http://www.gmu.edu/departments/economics/facultybios/smith.html for a complete bibliography), and clearly he speaks to my beliefs, so I'm much more receptive to his message.
I knew that you, of course, would be fairly resistive to it. That's ok. People make their decisions largely based on their current world views, and those world views change very slowly, if at all. Perhaps if you read some of Smith's work, your world view will change a bit due to it. And perhaps not.
The in the article, Smith said:
- 'Whether we're talking about politics or economics, or even social
interaction,' says Smith, 'the best systems maximize the freedom of
the individual, subject to the constraint of others in the
system.'
- 'BTW, I'm not even agreeing with the title of this topic!...
'Validates free-market metrication'??? I don't think
so...'
You can disagree with Smith's statement, but I believe my claim directly follows it.
Or are you claiming that metrication is not an economic endeavor?
Regards,
Jim
