Monday, September 9, 2013
There's a difference between an economy with equilibrium tendencies and an economy with full employment tendencies. It's the difference between an emergent order and a Panglossian order. It's also about assuming a coincidence between what we as individuals in a much bigger system value and what the system tends toward which seems to me to be a little naive and atypical of natural systems we usually encounter.
Posted by dkuehn at 10:26 AM