Chaos Theory and Leftist Economics

Forstater, Mathew ForstaterM at umkc.edu
Sat Nov 3 14:57:26 PST 2001


By the way, are you the author of Gifts and Commodities? Great book...

-----Original Message----- From: Christian A. Gregory [mailto:christian11 at mindspring.com]

In the US? Firms that loose money go under? Jeff Bezos will be surprised to hear that, as would most farmers.

Isn't the reason that they say that internal corporate planning is better is b/c it's supposed to reduce transactions costs--as opposed to outsourcing everything? So that, the argument is ideologically driven by cost, though, as the private-public-partnership accounting retooling in the UK shows, if you ever proove that the public sector can be more efficient, then there must be something wrong with your numbers.

Christian



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