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Politics : Libertarian Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (2554)	4/28/1999 2:06:00 PM
From: Richard Babusek	Read Replies (1) \| Respond to of 13062

I recall this story. Two brothers each inherited half of some land. One promptly put up a hammock, and took a nap. The other sowed and reaped in season. He sold his access for flocks. He built a house. He saved invested and grew. He hired others to help him expand. The micro economist looks at the results and sees the differences between what each has as a reflection of what each has done. The macro economist sees the gross product of this inheritance like this; 1 hammock 1 iou for hot dogs and beer 2 houses 4 barns 10 tractors 45 employees 700 sheep 200 tons wheat ... etc. The distribution of this wealth is out of balance, one greedy brother one needy brother. Both from the same discipline reach very different conclusions (hard science?). I believe the difference is a function of their philosophy of life. If you don't have one, get one. (just my advice), isn't the topic here the Libertarian philosophy? Ricardo