For a long time I demonized Wal-Mart for killing mom-and-pop grocers and driving production of certain goods overseas. After reading Henry Hazlitt I understood the existence is beneficial to the economy as a whole. However, the other day as I walked through Wal-Mart I thought to myself how limited t…

Do you think everyone would be better off if they followed voluntarist principles? No. Big business leaders would certainly be worse off. I do not assert that the prisoner’s dilemma (or my slightly different example) isn’t often overcome in real life, but rather I say that it is not automatical…

How do we determine the ideal outcome besides empowering people to engage in voluntary trade in the first place? You’re (or rather the OP, if this was his question) missing the whole point - if we knew the “ideal outcome,” we wouldn’t need markets.

+1 This is why I pointed out that the nirvana fallacy applies here.

if we knew the “ideal outcome,” we wouldn’t need markets.’ QFT. I need to make this a poster and put it on my wall. That or wear it as a pin.

There’s also that winning video where Milton Friedman asks someone where he’s going to find all these angels to organize society for us.

I’m not even going to ask you how people can act other than individually, because they can’t. People always act individually, because they are individuals. People can act without knowledge of other people’s intentions and without other people having knowledge of their intentions. When people have…

Voluntaryist principles ≠ only looking at the first step of the process (e.g. what is popularly called “selfishness”) I was not critiquing voluntaryist principles. I was trying to show that voluntaryists must employ the same game theory principles in their critique of the statist system that I us…

How do we determine the ideal outcome besides empowering people to engage in voluntary trade in the first place? You’re (or rather the OP, if this was his question) missing the whole point - if we knew the “ideal outcome,” we wouldn’t need markets. Have I suggested something contra to voluntary t…

Another Wal-Mart Topic...

Economics Economics Questions

John_James December 31, 2011, 5:56pm 64

Just posted yesterday…

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