tag:blogger.com,1999:blog-28344720.post7442372280109597406..comments2024-02-21T06:47:29.430-07:00Comments on Chip Overclock<sup><small>®</small></sup>: Why Free Markets Don't Work: Measurement Dysfunction as Management StrategyChip Overclockhttp://www.blogger.com/profile/11195242013008369733noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-28344720.post-84833572532919543642011-09-03T17:00:11.274-06:002011-09-03T17:00:11.274-06:00Disclaimer: economics is my hobby, not my professi...Disclaimer: economics is my hobby, not my profession. Plus: I'm not offering an opinion here that is either pro or con regarding free markets. I'm generally pro, but don't believe they work in an information economy.<br /><br />What I'm describing in this article is what an economist would call an "externality", which is a cost incurred by a party who did not agree to itChip Overclockhttps://www.blogger.com/profile/11195242013008369733noreply@blogger.comtag:blogger.com,1999:blog-28344720.post-7815630948614405682011-09-03T10:00:54.231-06:002011-09-03T10:00:54.231-06:00Hi. Im a grad student and taking economics for the...Hi. Im a grad student and taking economics for the first time ever. Ive always been a science gal, and am transitioning into the world of healthcare management. I came across your blog honestly because I googled "why free markets dont work" looking for an Idiot's Guide to Free markets definition.<br /><br />Here's my question (if you're still reading this ..HA!) or ranting Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28344720.post-86530896823386513802008-09-16T20:24:00.000-06:002008-09-16T20:24:00.000-06:00Hmmmmm... I may have been citing SF author Alexis ...Hmmmmm... I may have been citing SF author Alexis Gilliland, who suggested (fictionally) that AIs might achieve legal rights by incorporating. But otherwise I agree with your point.Chip Overclockhttps://www.blogger.com/profile/11195242013008369733noreply@blogger.comtag:blogger.com,1999:blog-28344720.post-21623675507581552002008-09-16T17:49:00.000-06:002008-09-16T17:49:00.000-06:00Interesting to hear your statements about corporat...Interesting to hear your statements about corporations.<BR/>Since many years ago you discussed the possibility of corporations being citizens, you have just made one of the clearest arguments about<BR/>why that can never be true.<BR/>It is also why corporations cannot be tried for criminal offenses, but<BR/>their officers can.<BR/><BR/>KenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28344720.post-66647015373094628932008-09-05T08:50:00.000-06:002008-09-05T08:50:00.000-06:00Recently my friend Jim from back east visiting Col...Recently my friend Jim from back east visiting Colorado remarked that those that self-identify as Republicans in the West were markedly different from the same in the East. Western Republicans tended to be more what the East think of as Libertarians: less Government is good. (He was mentioning this in the context of him being gay, Western Republicans pretty muching thinking it wasn't any of theirChip Overclockhttps://www.blogger.com/profile/11195242013008369733noreply@blogger.comtag:blogger.com,1999:blog-28344720.post-39943218127090626072008-09-05T07:47:00.000-06:002008-09-05T07:47:00.000-06:00Since when have we had free markets? We have enou...Since when have we had free markets? We have enough laws to fill a football stadium and more coming every day. Given more human behavior, the goal is to surround the free market with regulation, setting its bounds. <BR/><BR/>The next alternative is having government tell industry what to make, how much to produce, etc. Given the fact that government is also humans and driven not by profit, Paul Moormanhttps://www.blogger.com/profile/10956138993995459655noreply@blogger.com