Currently viewing the tag: "prices"

I. Curt, what does “Exchange under trade is different from exchange under market.” mean?

Trade and Market are commonly framed as causally synonymous when they are not. Trade is natural to humans. Markets are an institution that humans have made [...]
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Pareto, in his study of society, and Haight in his study of emotions, and perhaps Axelrod as well in his study of human cooperation, do not attribute to Status Signaling the importance which it deserves. Haight is far too interested [...]
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I’ve read Hayek’s The Constitution Of Liberty twice again lately while editing it so that I could convert the text to spoken audio. The resulting audio is imperfect — because my editing of the multitude of optically recognized characters is [...]
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"Extend And Pretend"

On August 31, 2010 By

I lost the source of this quote, but thought it captured the sentiment correctly:

The government has been playing “extend-and-pretend” based entirely on the idea that pent up demand in consumers would grow until it busted out and the recovery [...]
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This bit of ridiculously regressive Luddism was posted on a left leaning blog. It touts “A Solidarity Economy”. Which is a nice name for voluntary organizations that circumvent the pricing system. Yet another example of enduring marxist silliness.

There is [...]
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I dont like to criticize postings at the Mises Institute, of whom I have been a member and supporter for almost a decade. It is far less work to improve on small errors than to solve catastrophic ones. And [...]
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Beezer of beezernotes.com, posting on The Economist’s View, left a short reply to the posting, “Goodbye Homo Economicus.” I wanted to capture it because it’s both simple and accurate but also inverted and erroneous. And I do not mean [...]
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Capitalism 3.0

http://economistsview.typepad.com/economistsview/2009/02/capitalism-30.html

Over on the Economist’s View there are a whole series of comments that negatively reflect on capitalism. This is my response.

All,

I am amazed reading these comments. What is it about this blog that [...]
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This is a chart I’m working on (it should be 3d, x=source pop, y=target pop, z=time) to describe the operation of cooperative processes in populations.


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One of the underlying premises of debate is the concept of agreement: that we can convince others to take our position, or at least convince them to compromise somewhat in their own.

I received an email today from a man [...]
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