Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (46651)	2/25/2004 4:36:52 AM
From: Maurice Winn	Read Replies (2) of 74559

<I read your words and I thought, ahha!, the most "efficient at providing the greatest good for the greatest number". Then I realized that my Trotskyite side was coming out.> That was actually your John Stuart Mill utilitarianistic side coming out [or Bentham or whoever of them it was]. Mq PS: So, I asked my old mate, Google, who obligingly, as usual gave me the right answer utilitarianism.com On a quick squizz at his rant on utilitarian determination, I think he could have saved a lot of words by simply using $ as the means of measurement with the value of any transaction being expressed by the amount the buyer is prepared to pay. $ = a unit of happiness; that's much simpler than acres of prolixity.

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