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To: Gerald R. Lampton who wrote (19690)	5/24/1998 9:54:00 PM
From: Thure Meyer	Read Replies (2) \| Respond to of 24154

"You have an economic theory which says that in certain actually quite widespread circumstances predation is rational combined with a rule against predation which is inherently overly broad in application " There are a lot of notions that have to be re-examined. One is the idea of rational choices; IMO this is an "irrational" concept since the predictive horizon of any choice is so limited and because no one has complete knowledge of any situation. A lot of economic theory depends on this rational best interest argument and I think its a terrible over simplification. Another idea is "fairness"; This conflicts with "rational' if actors are allowed to select on the basis of their own best interest, since once again, no one can determine how fairness will be interpreted in the future. It will be interesting: they better get some real smart lawyers on both sides. Thure