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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (52627)	3/26/2009 11:50:08 AM
From: koan	Read Replies (1) \| Respond to of 149317

Scientific American Jan 2008: The Yanomamo have about 300 retail products available while peopel n Manhattne have 10 billion. Evonomics: According to Eric D. Beinhocker, who published The Origin of wealth (Harvard business school press 2006) the explanation for economic variations are found in complexity theory. Evolution and economics are not just analogous to each other, but they are actually two forms of a larger phenomonen called complex adaptive systems, in which individual elements, parts or agents intereact, then process information and adapt their behavior to changing conditions. Immune systems, ecosystems, language, the law and the internet are all examples of complex adaptive systems.

To: LLCF who wrote (52627)	3/26/2009 11:56:10 AM
From: koan	Read Replies (1) \| Respond to of 149317

>> LOL... you seem to be missing a giant piece of the puzzle... people are in glass houses throwing stones. The Austrians say let is crash and burn. Krugman and all are saying let it crash and burn. And somehow you are saying they are different.... They're both talking about the 'mechanism' of the economy... not about letting anyone starve.<< Krug has most certainly not said "let it crash and burn". He is saying we need to use Keynsian economics and put it on steroids.

To: LLCF who wrote (52627)	3/26/2009 12:17:08 PM
From: koan	Read Replies (1) \| Respond to of 149317

Look, I know Von Mises did some very revolutionary work on the importance of capitalism in "pricing" which laid a sound foundation for understanding how to form our societies economically. What I am saying, is that he did that almost 100 years ago (1922) and today we have the knowledge to build much more fair and sophisticated societies, blending the necessity of capitalism for pricing, with modern social theory to build truely sophisticated modern societies which help everyone live a happy and healthy life. Personally, I think this starts with ensureing a strong middle class.