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Started by Berkut, June 02, 2013, 11:22:54 PM

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crazy canuck

To be clear this is the statement Yi made which I disagreed with.

QuoteWe are still left with only one way to incentivize productive behavior: money.

Yi, do you still maintain that the only way to incentivize productive behavior is money?

Jacob

I think Yi meant that it's the only efficient way to incentivize productive behaviour on a macro-economic scale, rather than in the workplace.

crazy canuck

Quote from: Jacob on June 06, 2013, 12:57:22 PM
I think Yi meant that it's the only efficient way to incentivize productive behaviour on a macro-economic scale, rather than in the workplace.

If that is all he meant then sure.


fhdz

I guess that's a no then :(
and the horse you rode in on

The Minsky Moment

Quote from: Admiral Yi on June 06, 2013, 12:52:36 PM
But all these other motivators still fail to deliver the output that the pricing mechanism does.  Just take a look at the explosion in Chinese GDP.

I think you are conflating a few things here: (1) a theory of individual choice and behavior, (2) an institutional market mechanism, (3) macro results.  May explain some of the confusion re your interloculators.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

CountDeMoney

Quote from: Admiral Yi on June 06, 2013, 12:34:02 PM
1. Seedy asks a (rhetorical?) question about the abolition of the market.

Not all that rhetorical. :unsure:  But you knew that already.

grumbler

Quote from: Berkut on June 06, 2013, 12:26:15 PM
Ahh,  so you make a claim, I question the applicability, and the only options are "Look up my claim yourself" and "You are just rejecting anything I say!"

Are you sure there isn't some other possibilities in there?

How about the possibility that his data comes from a novel, but one based on the truth?

Would that make his data acceptable to you?
The future is all around us, waiting, in moments of transition, to be born in moments of revelation. No one knows the shape of that future or where it will take us. We know only that it is always born in pain.   -G'Kar

Bayraktar!