Re: Of Coase

[Carrol Cox <cbcox@xxxxxxxxx>]

"Max B. Sawicky" wrote:
>
> What would the critics say to Coase's dictum
> that you can buy innovation or rent entrepreneurs?
>
> I suppose innovation is hard to price, hence the
> market for it is deficient.

Why this lust for innovation? Most innovations are either (1)
destructive or (2) desperate attempts to compensate for the destruction
brought by prior innovations.

Carrol

P.S. I won't accept as an answer that capitalism must innovate. That is
one of the most destructive aspects of capitalism. Innovation which is
forced on one by invisible social relations existing behind your back
are a manifestation of unfreedom, not of freedom or human creativity.