tag:blogger.com,1999:blog-1740670447258719504.post4255942425131762432..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: Cranky about FrankyEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1740670447258719504.post-49061682760019851372013-12-03T22:12:30.236-05:002013-12-03T22:12:30.236-05:00If you and I were to meet five times in a row, and...If you and I were to meet five times in a row, and every time I said "Gee, you know, there are a lot of problems that econ can't solve that physics can", you might get offended, and rightfully so, because despite the fact that what I'm saying is literally true, the implication is clearly that I think physicists are smart and economists are rubes.<br /><br />This old dufus is simply farting out cliches in hopes of stoking the emotions of his listeners. Where were his concrete policy suggestions? Did he forget to note that world inequality has been steadily falling for a long time, even now?<br /><br />Come on.Piyohttps://www.blogger.com/profile/05775346125247800627noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-77726126186419170552013-12-03T17:07:25.844-05:002013-12-03T17:07:25.844-05:00Thanks, that helps.Thanks, that helps.RP Longhttps://www.blogger.com/profile/15028013805248797978noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-16487491029358467172013-12-03T15:43:05.933-05:002013-12-03T15:43:05.933-05:00Yes. If you had the bad luck to be born to shitty ...Yes. If you had the bad luck to be born to shitty parents that don't nourish or nurture you, the market - even after taking into account the leverage offered by comparative advantage, etc. - is likely to leave you in not so good shape.<br /><br />There is no mechanism in the market that takes an involuntary assignment of talents and endowments and guarantees everyone a decent, dignified life.<br /><br />In a lot of cases markets help with that obviously. But to a large extent they produce bad results for people born into bad circumstances. Francis, as I read him, points out that we have the capacity and obligation to generate more inclusion.Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-87737203629822149392013-12-03T15:25:39.495-05:002013-12-03T15:25:39.495-05:00Can you give me some sense as to what you mean tha...Can you give me some sense as to what you mean that it is obviously true that market economies produce losers?RP Longhttps://www.blogger.com/profile/15028013805248797978noreply@blogger.com