[ExI] Belief in Market Efficiency

Stathis Papaioannou stathisp at gmail.com
Fri Feb 6 10:18:07 UTC 2009


2009/2/5 painlord2k at libero.it <painlord2k at libero.it>:

>> But the states that abolished slavery did something very un-free
>> market by making a law prohibiting a certain type of previously
>> accepted property,
>
> This is true, if we think the status before was really pro-market or
> pro-liberty (that is really the same).
> As human are imperfect creatures (someone would say "sinners") they often
> have wrong beliefs about right and wrong.
> It is not strange that they change their behaviours when they think (rightly
> or wrongly) that they are doing something wrong.
>
> Then, there is the fact that a community exist only when all people in it
> agree (explicitly or implicitly) on a default set of common rules.

Yes, but they might also agree on something like "the right to public
education", which a libertarian might disagree with. Thus we come up
against opposing, irreducible ethical positions, and the best we can
do is agree to disagree.



-- 
Stathis Papaioannou



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