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To: USFRIENDINVICTORIA
Economists are careful to separate out "what should be" from facts about what is and what will be.

But this is the fundamental error. They want economy to be like physics. But economy same way as the law is about what people do. As such it CANNOT be separated from

values. BTW, the notion of "value" is necessary.

The economical thinkers who deny it, in fact promote particular interests or values hiding them under the cover of "scientific objectivity". The "invisible" hand of English "free" market robbed whole nations blind.

Free market was behind slave and drug trade, behind exterminations (Tasmanians for example) in modern times behind people like Gusinski, Khodorkovsky and Bierezovsky.

62 posted on 01/30/2006 6:14:14 PM PST by A. Pole (Wizard of Oz: "Pay no attention to that man behind the curtain.")
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To: A. Pole

We'll just have to agree to disagree, I'm afraid.


63 posted on 01/30/2006 6:25:52 PM PST by USFRIENDINVICTORIA (")
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To: A. Pole

There was nothing "free market" about the slave trade since the commodities were stolen to begin with. Nor with the drug trade since the requirement of freely available information is violated.

Your misunderstanding of economics is hard to overcome within a limited time and space. But that is all it is -a misunderstanding. Economics was not created to be like physics and no economists makes such a claim. Initially it was call "moral philosophy" then "political economy" and used logic, and eventually more and more math to spread its concepts and applicability. That can be taken to extremes which is a valid objection. But that approach has also led to valuable insight.

What is your alternative to "rationality", math and logic?


80 posted on 01/31/2006 7:05:59 AM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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