Re: Participatory Planning

[HERBERT GINTIS <gintis@xxxxxxxxxxxxxxx>]

>To Herb Gintis:
>     I presume you meant to say "of which multiple equilibria
>is one" rather than "of which multiple equilibria is wrong" in
>your last posting (and your IMO is not "humble"? tsk, tsk).  If
>the former is what you meant, I fully agree.  And I did not mean
>to denigrate evolutionary or self-organization approaches to
>understanding economic dynamics.  I am a fan of them.  But that
>does not mean that such outcomes are Pareto optimal, guarantee
>full employment, or anything else along such lines.

	I should hope not. This lesson was learned long ago in the
biological literature, but of course still rears its head once in
a while (this is why Stephen Jay Gould has to repeat it over and over
again, no doubt).


>PS:  Looks like the snow got to your neck of the woods.  Have fun,
>we're still digging out down here in Virginia!

	We have more snow than I've ever seen, but it is so incredibly
beautiful that it is a continual source of enjoyment for me (also
exersize (sp?) --I've been going to the gym less lately!)

Herb gintis@xxxxxxxxxxxxxxx