Re: Equilibrium Questions

From: Zerge (zerge_at_hotmail.com)
Date: 02/24/05 

Date: 24 Feb 2005 09:55:55 -0800

smithaa02 wrote:
> Equilibrium theory is founded on contradictions. The division of
labor
> and other units of property does exists, but does not interact in
the
> fashion economists describe. Since the division of labor is a
product
> of co-dependence, it is absurd to assign indepedent variables to its
> ratio of exchange as economists have in their silly little formulas.
> Economists cluelessly ignore this and try to use price to define
price.
>
> If collectively I and another can produce 2 more widgets, there is no

> objective mechanism that says I will get 1.2 as opposed to .7 or any
> other share ratio of those 2 extra widgets.
>
> The economist assigns a random ratio of this increment of association
to
> get his story problem to work. In this fashion they skirt the issue
of
> coming up with real life independent economic variables, by making
them
> up, thereby defining price with price.
>
> There is no objective price theory as economists describe. Instead
> price is a product of inherently unstable haggling and alliances
between
> parties to experience the extremes of self-sufficiency and
individually
> obtaining the full fruit of the increment of association. The weapon
of
> choice for all parties is then the ability to withdraw or strike
their
> services or contributions in order to obtain a higher ratio of the
fruit
> of the division of labor.
>
> This leads to economy where individuals can only survive by
periodically
> sabatoging (business cycles) the economy in order to increase their
> bargainning power and personal wealth.
>
> Hope you found that interesting :)
>

Just to undersand you better allow me to ask you, are you an economist?

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