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Friday, June 12, 2009

Insight from Arnold

The traditional paradigm has this strange dichotomy, in which market behavior is rational and self-interested but policymaker behavior is perfectly altruistic. These idealized constructs are very limiting. Note that the Left tends to complain about the limitations of the rational model of the market actor, while the Right tends to complain about the altruistic model of the policymaker.
Posted by Chris at 2:31:00 PM
Labels: Line of the Day

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Chris
If you walk a mile in my shoes, please be sure to return them. 美好的事永不消逝
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  • Theory of Moral Sentiments: Smith
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Blog Archive

  • ▼  2009 (82)
    • ▼  June (12)
      • An American Summertime
      • Oh bother, seriously bad math plagues our nation.
      • Insight from Arnold
      • This pisses me off...
      • Oh Politics....
      • Remember this guy?
      • We've turned into a nation of whiners
      • Shorting the Market
      • My Biggest Philosophical Struggle as a Libertarian...
      • More outsourcing
      • It's mind boggling
      • Not the way it works....
    • ►  May (7)
    • ►  April (32)
    • ►  March (16)
    • ►  February (15)
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