To: ConsistentLibertarian
Free markets are an example of a complex system where system state is not a product of design. You don't really believe that, do you? Free markets cannot exist without a substantial amount of design and coordination. In fact, free markets cannot exist without a complex legal system in place to guarantee the integrity of contracts, a monetary system that holds value for buyers and sellers, a proper system of securing land titles, etc.
To: Alberta's Child
Those are micro-level choices. There's no agent in a free market who is capable of determining _system_ state, ie employment level. In a central system, that's not true. The state makes direct choices about sytem state.
To: Alberta's Child
You don't really believe that, do you? Free markets cannot exist without a substantial amount of design and coordination. In fact, free markets cannot exist without a complex legal system in place to guarantee the integrity of contracts, a monetary system that holds value for buyers and sellers, a proper system of securing land titles, etc. But the legal system evolved. The monetary system evolved. The system of titles & title insurance, etc. evolved. If they didn't, then please tell me the names of the designers of today's legal, monetary, title, etc. systems?
168 posted on
06/07/2002 3:45:41 PM PDT by
jennyp
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