Alan K. Henderson's Weblog

HOME   |   BLOGGER PROFILE   |   BLOGROLL  MAP   |   HENDERSON  PRIZE   |   EMAIL

COMMENTS TEMPORARILY CLOSED - MIGRATING FROM HALOSCAN/ECHO TO DISQUS
Old comments migrated to Disqus, currently working outtechnical issues

Saturday, July 02, 2005

 
Random Thought

Economic theory is a linear equation that seeks to maximize human prosperity within three constraints: finite wealth, finite market knowledge, and finite human morality. Socialism underestimates the second and third constraints, and therefore cannot achieve efficiency.

(Inspired by the comment thread to this post at Redwood Dragon)

Labels: ,




Site Meter


Blogger