[ExI] Belief in Market Efficiency

painlord2k at libero.it painlord2k at libero.it
Fri Feb 6 18:28:43 UTC 2009


Il 06/02/2009 11.18, Stathis Papaioannou ha scritto:
> 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.

You are  free to do "public education" for your community in a 
libertarian world, if your community is willing to foot the bill.

I always say that, if and when will be possible to have new communities 
out of the reach of governments, will be possible to explore and try 
these approaches and many others. Then, we will see what communities 
will be able to prosper and who will not. And what system really work 
and what not.

Mirco



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