[lbo-talk] Markets and info

[Tayssir John Gabbour]

Sean Andrews wrote:
> I'm sure there are a variety of theoretical
> apoligetics for this, complete with caveats and exceptions which
> are only temporary inconveniences to the application of this ideal
> of market society--such as the mechanism the market provides
> for regulating the commodity of labor ( i.e. if there are too
> many laborers, their population will go down, i.e. they and their
> children will die.  If you
> want the quote on that from Adam Smith, I'll find it.)

First off, thanks for the detailed perspective Sean, that really helps.
If Adam Smith's quote was in _Wealth of Nations_ or his lectures on
jurisprudence, I should hunt it down myself... gotta stop skimming him.


> I would be interested to know what you mean by Parecon working better.
> I have a notion of what you mean by this, but since there are a
> variety of notions as to what that means, I'd be interested in your
> take.

Under Parecon, consumers make explicit what they wish to consume; info
that producers can use. (Whereas in modern society, marketing dollars
and tech is spent trying to classify and promote consumption habits...
including these club cards which stores try to sign people up for.)

I should include the caveat that of course I can't predict or "believe
in" some economic system, but Parecon looks like an interesting and
useful direction.

Tayssir