--- martin <mschiller at pobox.com> wrote:
> Do you have an idea how the irrationality will play
> out short or long
> term?
>
[WS:] This is definitely long term irrationality, or more specififically - short term rationality leading to long term irrationality.
Alas, I did not make it up - Baran & Sweezy make a similar argument in their _Monoply Capital_. If I remember correctly, they talk about rational means leading to irrational ends.
Wojtek
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