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Nesgroup address: alt.building.construction - Date & Time for the message: Mon, 19 Sep 2005 01:00:47 +0100 /

Author of the message: "chris.holt"

Title of the message:
Re: What is it with this granite counter top fad? Is it a sign

Text of the message:
Bill Bonde wrote:

> "chris.holt" wrote:
>>Bill Bonde wrote:
>>>It sounds like you are questioning the very basis for market economics.
>>If you agree that no man is an island, then you accept the
>>existence of externalities.  When these are negligible,
>>Econ 101 market economics can work very well.  When they
>>are not, then we do have to care about how other people
>>allocate their resources, because it can have a hell of
>>an impact on our own lives.
> Except that when people as individuals allocate resources, they are
> allocated better than when they are allocated by any other known means.

That's the Econ 101 theory.  Tell me, do you still
disbelieve in ozone holes?  Do you see the relevance?
--
chris.holt@ncl.ac.uk           http://homepages.cs.ncl.ac.uk/chris.holt
.



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