tag:blogger.com,1999:blog-5581081264152283332.post6450950498933067472..comments2023-05-18T04:12:58.640-04:00Comments on >>>The (b)Right Libertarian: The Fatal ConceitAllen Smallhttp://www.blogger.com/profile/13663655836753638994noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5581081264152283332.post-36381884013021953282012-05-03T10:20:52.250-04:002012-05-03T10:20:52.250-04:00Larry, it is precisely because economies are dynam...Larry, it is precisely because economies are dynamic that they can only be managed through a set of abstract rules rather than dictated outcomes. this is the essence of Hayek's point. Optimal self organization depends on the set of rules in effect. In that sense, and in that sense only, can an economy be "managed". Further, Hayek argues that the proper set of abstract rules is discovered as much as designed. The degree to which the resulting spontaneous order results in prosperity is the measure of viability of the rule set. History has demonstrated that free markets are far superior to centrally planned or heavily regulated economies.steve chalkehttps://www.blogger.com/profile/10232475743525388325noreply@blogger.comtag:blogger.com,1999:blog-5581081264152283332.post-59691987064038768102011-11-16T13:52:03.015-05:002011-11-16T13:52:03.015-05:00First, thanks for the link! :-)
Now, self-organiz...First, thanks for the link! :-)<br /><br />Now, self-organization neither requires homeostasis nor equilibrium. In fact, self-organization takes place in far from equilibrium states. Self-organization creates robust, creative network processes that can withstand a great deal of interference before they collapse entirely. Of course, we never know when that collapse will occur. Best not to tempt fate.<br /><br />Agriculture is a monoculture, and thus homogeneous. It is anything but an ecosystem, which is heterogeneous and self-organizing. Agriculture is in fact a good example of what socialists want to do to people: force them into homogeneous rows according to the designs of a central person, who forces them to do his bidding. Of course, we have learned that monocultures are problematic because a disease can wipe the entire crop out. <br /><br />The fact that we stupidly interfere with the economy is no argument against the self-organizing economy. That's a logical fallacy. <br /><br />I recommend my Diaphysics, in which I discuss the nature of self-organization.Troy Camplinhttps://www.blogger.com/profile/16515578686042143845noreply@blogger.comtag:blogger.com,1999:blog-5581081264152283332.post-15242913424851481582011-11-12T15:58:12.984-05:002011-11-12T15:58:12.984-05:00Paragraph 1.
Homeostasis is not a prerequisite of ...Paragraph 1.<br />Homeostasis is not a prerequisite of spontaneous order. In fact evolution does not really proceed under homeostatic conditions, at least not noticeably. So I agree dynamic equilibrium, is the usual.<br />Paragraph 2.<br />Actually if the system is "self-organized" and works, it is by its very nature optimal for all components. A biological ecosystem will function quite well for a long time, but always changing conditions (succession) so that certain components are no longer suitable in that system, and either move or disappear. Once tinkering starts to "optimize conditions" they become always LESS optimal.<br />I would not consider agriculture an ecosystem, not even close. It is engineered to operate for the engineer, or intelligent designer. I don't see why it is relevant here. It works to provide for the engineer, but often a significant cost in other areas.<br />Paragraph 3.<br />Not always managed and when it does happen often to different degrees. The evidence is clear, economies that are least managed, where economic freedom is greatest, produce the greatest wealth and best living conditions for ALL humans in the system.<br />The purpose of government is to protect individuals against those that seek to tinker with the system. I reality, governments are in cahoots with the crony capitalists/statists/communists whatever. Its governments that must be restrained. The system will adjust to correct distortions.<br />Paragraph 4.<br />My point, of course is no one should "manage" the economy.<br />And you are like the theist that believes that the intricate design of the universe, implies a designer. It is you that needs to check your real beliefs.Allen Smallhttps://www.blogger.com/profile/13663655836753638994noreply@blogger.comtag:blogger.com,1999:blog-5581081264152283332.post-69901100749224817172011-11-12T05:35:58.398-05:002011-11-12T05:35:58.398-05:00There are a few problems with your analogy.
First...There are a few problems with your analogy.<br /><br />First, evolution and ecology are not all that stable. A lot of research shows that ecosystems are not in homeostatic equilibria; they are, at best, in "dynamic" equilibria, with wide swings in populations in very short times.<br /><br />More importantly, just because a system can be self-organized doesn't mean that self-organization is optimal. Although it is definitely true that ecosystems are self-organizing, human beings have been "engineering" ecosystems for thousands of years. Perhaps you have heard of "agriculture"?<br /><br />Finally, economies have always been managed. Even "laissez faire" capitalism completely collapsed beginning in the 1850s with the rise of the large trusts. Any group or class that attains substantial power in a laissez faire economy will manage the economy for their own benefit, not only because they can, but because they must.<br /><br />The question is not whether an economy can be managed; we can no more have an unmanaged economy than we can have an unmanaged political system. The question is who will manage the economy, and to what ends. It's fine if you you have a particular candidate class to manage the economy, and it's fine if that class includes you (it would be pretty stupid if it did not). But you're fooling your readers and perhaps yourself to insist that the economy should not be managed at all.Larry Hamelinhttps://www.blogger.com/profile/08788697573946266404noreply@blogger.com