[ExI] Economic laws/was Re: retrainability of plebeians

[painlord2k at libero.it]

Il 01/05/2009 19.22, BillK ha scritto:


> But, to summarize, I feel it is a very odd sort of law that has
> unpredictable outcomes. Because 'all else is *never* equal' every
> situation has to be examined on its merits.

This would imply that there is no reason to do scientific experiments, 
as "all else is never equal".



> As just one example, if GM cut the price of their cars by 10%,
> consumers probably wouldn't rush to buy. Why not? Where has the 'law'
> gone that says cut prices = sell more? It is because of expectations
> that next month prices will be even cheaper.

This show that you don't really understand the law.
It say that if prices go down the number of car sold will not go down. 
They could stay the same or they could go up. And there is no prior way 
to know exactly how many more cars would be sold, as this depend on the 
preferences of the single persons.
If GM sell 1M car at 20K $/car, slashing the price 10% will not 
guarantee that the number of car sold will grow, but only that the 
number of car sold will not reduce.

> It might as well be random.

It appear to be random if you don't understand what is happening.


> I much prefer a 'law' that says if you do x, then y will *always* happen.
> That's my kind of law.

And the law tell you this.
If you slash the prices you will never sell less (all other stay equal).

Mirco