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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (22561)	12/6/2004 5:26:43 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 23153

You are missing my point completely and it is evident in this statement: >> you are using "time" in ways that do not square with reality. I am not talking about "Time" in its abstract meaning of general linear passage of moments which is what I gather you are discussing. I am discussing personal time i.e. time spent by each person which is completely dependent on what that person is doing with it. Your more knowledgeable speculator had to spend time finding the farmer's land and his time (and not some absolute abstract time) was more valuable than the farmer's due to the skills and knowledge that he had and the farmer did not. In this sense we are not different in our view on the value of information, we are simply using different perspectives. An analogy could be use of polar coordinates versus Cartesian coordinates; the nature of the true objects they describe does not change. But some problems a lot easier to see using polar coordinates. BTW, I have a masters in economics and aced all the way through the program. I don't think I missed anything of the industrial history.