Re: Capitalism, Private Property, etc (was Re: Sweatshops)

From: J. Goard (
Date: Thu Apr 19 2001 - 01:48:48 MDT

At 10:11 PM 4/18/01 -0700, J. Goard wrote:

>Anyway, it's
>not the mind per se that most people don't intuitively appreciate; it's
>only one particular economic function of the mind, the allocation of
>resources according to the information of prices.

I should have said: the allocation of resources in anticipation of events
which others have not anticipated, and therefore to which prices have not
yet adjusted, IOW entrepreneurial speculation.

J. Goard,
e-gold account #100592 (
"...if by the last quarter of the twentieth century
godliness wasn't next to something more interesting
than cleanliness, it might be time to reevaluate
our notions of godliness."
        --Tom Robbins, _Still Life with Woodpecker_

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