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14 years ago @ Armed and Dangerous - Irrational Expectations · 0 replies · +1 points
Hardy-har-har. That was the best joke I\'ve heard all day. Doubtless unintentional, however.
14 years ago @ Armed and Dangerous - Irrational Expectations · 1 reply · +1 points
Correct. The failure of non-Americans to understand this is their problem, not ours.
14 years ago @ Armed and Dangerous - Irrational Expectations · 0 replies · +1 points
Of course the market failed this time! My intent wasn\'t to deny that, only to argue that in this case (as usual) political fixes guarantee political failures worse in both magnitude and persistence than the market failure they are aimed at correcting.
14 years ago @ Armed and Dangerous - Irrational Expectations · 13 replies · +1 points
Nice going, that\'s two completely wrong assumptions in two sentences. They screw up the rest of your diatribe.
No economist, U.S. or not, believe markets are infallible, just less fallible than any other form of resource allocation. This is actually provable under very general assumptions; see D. D. Friedman\'s <cite>Price Theory</cite>. Furthermore, \"efficiency\" is not defined circularly, op. cit.
14 years ago @ Armed and Dangerous - I may have to disable ... · 0 replies · +1 points
14 years ago @ Armed and Dangerous - I may have to disable ... · 1 reply · +1 points
It is, and I hate this misfeature too. If I can\'t figure out a way to disable it, I may very well drop the plugin.
14 years ago @ Armed and Dangerous - Irrational Expectations · 0 replies · +1 points
I agree with your analysis, actually, so no argument here.
14 years ago @ Armed and Dangerous - Irrational Expectations · 2 replies · +1 points
Try asking that in the right thread, please; I want to stick to rational-expectations economics and its discontents here.
14 years ago @ Armed and Dangerous - The Economic Case Agai... · 0 replies · +1 points
Stupid argument. Someone else built my house; this doesn\'t make it any less my property.
14 years ago @ Armed and Dangerous - The Economic Case Agai... · 1 reply · +1 points
In fact, my own analysis ten years back suggests that some software - such as games -- has the economics of a perishable packaged good. That is, short shelf life, no support requirements, no interoperability issues because it doesn't talk to anything else. Open source licensing doesn't make a huge amount of sense for these products.
I'm fully aware of these special cases. I don't think they invalidate the general analysis at all.