Re: Equilibrium Questions

From: smithaa02 (noreply_at_spamthis.com)
Date: 02/26/05

  • Next message: dane: "Re: Stock market mispricing and the common good" 
    Date: Fri, 25 Feb 2005 21:17:40 -0800

    Zerge wrote:
    > 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?

    I have no economic credentials at all. Is that a bad thing in your eyes?

    IMO it shouldn't matter because credential logic is contradictory. If A
    got a degree from B, and B from C, then where did C did get the first
    degree? If that can't exist, then how can the subsequent degrees?

  • Next message: dane: "Re: Stock market mispricing and the common good"

    Relevant Pages

    • Re: Equilibrium Questions
      ... Since the division of labor is a ... > ratio of exchange as economists have in their silly little formulas. ... > Economists cluelessly ignore this and try to use price to define ...
      (sci.econ)
    • FT: Mugabe untouched amid economic ruins
      ... its fastest rate ever - probably about 12 per cent, say economists. ... When Mr Mugabe took over as prime minister in April 1980, ... while at the much more realistic parallel rate of ZDollars 100,000 to ... disarray with their members welcoming the price cuts. ...
      (soc.culture.zimbabwe)
    • Russian Concerns For Human Rights
      ... year, then price inflation is in first place, far ahead of the others. ... Although economists are saying that it's not ... Concern over the threat of terror attacks is at a surprisingly low ... You say that fears indirectly depend on expectations. ...
      (soc.culture.baltics)
    • Re: Equilibrium Questions
      ... Since the division of labor is a product ... ratio of exchange as economists have in their silly little formulas. ... Economists cluelessly ignore this and try to use price to define price. ...
      (sci.econ)
    • Re: OT this is working out just great
      ... Most people don't know that money is a medium of exchange with no ... But society determines how much good something does for society as ... artificially limiting the supply of it, thats why the price goes up. ... Economists are trying to figure ...
      (rec.gambling.poker)
    • Quantcast