• Xerographica's Avatar
    07-20-2016, 08:18 AM
    I boil down the issue like so.... allocation > valuation = forced-rider problem allocation < valuation = free-rider problem Your valuation is your perception of a good's relative scarcity. The greater the disparity between your allocation and your valuation... the more misleading the information that's transmitted by your allocation. Let's take the minimum wage for example. Maybe your area has a labor surplus... so your valuation of unskilled labor is $3 dollars/hour. But, because of the minimum wage, you have to spend $7.25 dollars/hour on labor.
    12 replies | 716 view(s)
  • Xerographica's Avatar
    07-18-2016, 12:52 AM
    First attempt: Efficient Allocation VS Galloistic Allocation Second attempt: Which allocation method do you prefer?
    22 replies | 2146 view(s)
  • Xerographica's Avatar
    07-18-2016, 12:49 AM
    You said that anarchism is the only moral position... but then you went on to use consequentialist arguments (asking for further proof). Make up your mind. If you're an anarchist for moral reasons... then the benefits/consequences are irrelevant. If you think that the benefits/consequences of anarchism are relevant... ... then drop the moral reasoning. Channel David Friedman. Personally, I think that the benefits/consequences of choice are super relevant. You made a really great argument that people are going to want more proof if they could choose how they spend their own money. But this isn't just true for anarchism... it's also true for pragmatarianism. If people could choose where their taxes go... then they really wouldn't want to waste their money on fool's errands. We would all greatly benefit if everybody had far greater incentive to engage in due diligence. Pragmatarianism doesn't have Bible thumping morality or the baggage that anarchism has...
    22 replies | 2146 view(s)
  • Xerographica's Avatar
    07-15-2016, 11:16 PM
    ArrestPoliticians, what about the free-rider problem? Getting something for nothing is in the best interest of the individual... so free-riding is in people's interest. But if too many people free-ride... then the service will be undersupplied and the entire group will be hurt. What's good for the individual is bad for the group. Clearly there's an important distinction between the individual's short-term best interest and long-term best interest. Free-riding is in people's short-term best interest but it's not in their long-term best interest. Does this mean that the invisible hand fails for public goods? No, it means that markets have to be structured accordingly.
    12 replies | 716 view(s)
  • Xerographica's Avatar
    07-15-2016, 07:55 AM
    How is this relevant to what I wrote?
    12 replies | 716 view(s)
  • Xerographica's Avatar
    07-15-2016, 04:46 AM
    Really the key difference is that the prisoners are placed in separate rooms. This effectively prevents them from communicating with each other. With the invisible hand... we're not all literally in the same room but we are able to communicate with each other. We communicate with each other in different ways. One of the most important ways is by our willingness to pay (WTP). This allows us to communicate the intensity of our interests to each other. For example, we can be fairly confident that anybody hiking along will be more than happy to pick up and carry any gold nuggets that they happen to find. We can also be fairly confident that nobody hiking along will be more than happy to harvest any poison oak. People are willing to pay a high price for gold. People are not willing to pay even a low price for poison oak. Here's one of the best passages on the topic... The problem with society is that too few people understand the importance of communicating the intensity of their preferences. As a result, we still have democracy. Voting allows us to communicate our preferences... but it doesn't allow us to communicate the intensity of our preferences. In order to prevent resources from being inefficiently allocated... we need to replace voting with spending.
    12 replies | 716 view(s)
  • Xerographica's Avatar
    07-10-2016, 02:56 PM
    Hmmm. Ever wondered why humans are exceptionally intelligent? Here's my theory and some relevant clips. Let me cut to the chase on Rothbard. His diagnosis of the fundamental problem with government was correct... (unable to correctly valuate public goods)... but his prescription was incorrect (eliminate the government). Public goods can be correctly valuated simply by allowing people to choose where their taxes go (pragmatarianism FAQ). Here are the two relevant papers by Rothbard... Toward a Reconstruction of Utility and Welfare Economics The Myth of Neutral Taxation The fundamental problem with Netflix is that the "leaders" of Netflix are unable to correctly valuate shows/movies. They aren't mind-readers. They can't reach into your mind and pull out your valuation of Charmed. Sure, they have access to your star ratings... but ratings, like ballot votes, cost you absolutely nothing. There's zero opportunity cost. When you give Charmed 5 stars you really aren't demonstrating your preference. You're simply stating your preference. The solution would be to allow Netflix users to allocate their fees. You would be able to spend all of your Netflix fees on Charmed. Would you be willing to spend all your Netflix fees on Charmed? I don't know. I'm not a mind-reader.
    12 replies | 794 view(s)
  • Xerographica's Avatar
    06-29-2016, 06:02 PM
    Vote on values
    22 replies | 2146 view(s)
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