Re: New York Times on Scarcity

["Craven, Jim" <JCraven@xxxxxxxxx>]

Jim:

As far as I could tell, you were saying that because Nash was crazy, NE
was wrong in some
sense.

Response: What got Nash the Nobel was his attempted rescue of
neoclassical theory from a critical contradiction: How is it that two or
more
ultra-individualistic-utility/profit-maximizing-atomistic-selfish-predat
ory-calculating-crass-vicious-competitive Homo Oeconomicuses could
possibly trust each other enough to collude and--as is done in the real
world all the time--with each winding up in an individually "optimal"
situation? Pure fucking neoclassical ideology and noting the old
maxim--"a neurotic is someone who builds castles in the sky and the
psychotic is the one who moves in, and the Shrink collects the
rent"--there are a whole lot of psychotics in bourgeois economics.

Jim C.