tag:blogger.com,1999:blog-1740670447258719504.post6489928129049979962..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: The Sraffa Problem is not a problemEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1740670447258719504.post-925902847170875432012-07-01T12:02:54.218-04:002012-07-01T12:02:54.218-04:00While this is a belated response, perhaps I might ...While this is a belated response, perhaps I might have been reading in between the lines a bit too much, but I think it's in Chapter 17.Blue Auroranoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-81280681475377029962012-06-28T14:43:11.553-04:002012-06-28T14:43:11.553-04:00I don't know - where does he say it?I don't know - where does he say it?Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-56866883042915819642012-06-28T14:42:22.929-04:002012-06-28T14:42:22.929-04:00re: "I don't want any particular structur...re: <i>"I don't want any particular structure of production or status-quo property rights arrangement. I want whatever structure that comes about from purely free markets. "</i><br /><br />Right. What the hell did you think I was saying? That there's some particular arrangement that Austrians just like because...<br /><br />You seem to be reading way too much into this.Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-65844466733215810322012-06-28T12:37:18.237-04:002012-06-28T12:37:18.237-04:00Daniel, I guess natural structure is sloppy langua...Daniel, I guess natural structure is sloppy language. It's more of a constellation or arrangement of production. At any moment in time, there is a particular arrangement of production in society, created by time preferences, involved in risk, uncertainty, etc. that exists. When I said natural structure of production, I meant the whole capital structure of the unhampered economy. I used the words coercive interference to mean interference with the voluntary exchange streams of market actors by government or crime.<br /><br /><i>OK, then you want "a particular structure"</i><br /><br />That's not true. I don't want any particular structure of production or status-quo property rights arrangement. I want whatever structure that comes about from purely free markets. That's a general condition of a structure of production I want, it's not a particular preference for a given one.<br /><br />Jon, in some sense those are the same things. Structures of production are sustainable only because they are natural. But you're right, it is better to speak in those terms.Mattheus von Guttenberghttps://www.blogger.com/profile/09404889240800715511noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-73031857305159126292012-06-28T03:45:23.217-04:002012-06-28T03:45:23.217-04:00Rather than the one "natural" structure ...Rather than the one "natural" structure of production, I would talk about Austrian capital theory as explaining "sustainable" versus "unsustainable" structures of production.Jonathan M.F. Catalánhttp://www.economicthought.net/blognoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-17742031834102322592012-06-28T00:50:30.122-04:002012-06-28T00:50:30.122-04:00Doesn't Keynes talk about "multiple optim...Doesn't Keynes talk about "multiple optimal rates of interest", or something along those lines in the <i>General Theory</i>?<br /><br />If so, what's the difference between that and this?Blue Auroranoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-68142150851513846992012-06-27T23:12:04.165-04:002012-06-27T23:12:04.165-04:00I have gone up in my own estimation, as well. Now ...I have gone up in my own estimation, as well. Now apparently I see things that escape even Nick Rowe's perception.Bob Murphyhttps://www.blogger.com/profile/04001108408649311528noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-42847356446847430802012-06-27T19:45:50.136-04:002012-06-27T19:45:50.136-04:00re: "No Austrian I'm aware of is concerne...re: <i>"No Austrian I'm aware of is concerned with a particular structure of production, but the natural structure of production that would arise without coercive interference."</i><br /><br />Is there presumably only one natural structure that would arise at any given point without coercive interference (btw - the hard part is in defining "coercive interference", as usual - but we'll let that be)?<br /><br />Are there many structures that could arise as a result of interference?<br /><br />OK, then you want "a particular structure", that structure being "the natural structure of production that would arise without coercive interference".<br /><br />I didn't just come across this material yesterday, Mattheus.Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-18357592757484241042012-06-27T17:15:12.594-04:002012-06-27T17:15:12.594-04:00No Austrian I'm aware of is concerned with a p...No Austrian I'm aware of is concerned with a particular structure of production, but the natural structure of production that would arise without coercive interference. Environmentalists don't espouse any particular environmental arrangement, for instance, but rather whatever-the-natural-one-is.Mattheus von Guttenberghttps://www.blogger.com/profile/09404889240800715511noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-17651886501955129182012-06-27T16:50:42.419-04:002012-06-27T16:50:42.419-04:00Thanks for noting the typo.
Bob is indeed a clas...Thanks for noting the typo. <br /><br />Bob is indeed a class act.Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-7016056388609814162012-06-27T16:48:24.727-04:002012-06-27T16:48:24.727-04:00Daniel: yep, I think you and I, and JP Koning, and...Daniel: yep, I think you and I, and JP Koning, and maybe David Glasner too, are on the same page, roughly.<br /><br />Bob Murphy, as before, goes up in my estimation. Not because I think he's right (I think he's wrong), but because he says his political and historical enemies are right against Hayek. Gotta hand it to that guy.<br /><br />Typo in your post, I think. Should be: "...and so you can't just ignore credit expansion or pretend that the different production structure DOES NOT matter."Nick Rowehttps://www.blogger.com/profile/04982579343160429422noreply@blogger.com