[lbo-talk] Krugman

[Jordan Hayes]

> But in principle that's no different, except in degree,
> from normal capitalist production, which is always "speculative"
> in the sense that the capitalist cannot know in advance 
> with certainty how many people will buy his output, meaning that the 
> economy is always in ("temporary") disequilibrium.

Look no further than whisky for a lesson in this!

http://news.google.com/news?q=george+dickel+scarce

/jordan