Originally posted by d000hg
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Lib Dems prove once again they are not fit to govern
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Originally posted by Robinho View PostOk then, "rip to shreds" what i was saying about a monopoly when there is an inelastic supply? I notice you were confused about that at first, but now have conveniently forgotten about it.
Rip to shreds the theory that is someone is made unemployed working for an unviable company, they will eventually get another job for a viable company, and society will benefit.
Anyway, back to the statements you have singularly failed to back up. When are you going to "run the equations"? Or are we still supposed to "trust you" and your wibbleheaded assertions?Last edited by doodab; 4 September 2012, 11:39.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by Mich the Tester View PostLiverpoolWhile you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by doodab View Post
Will a single counterexample suffice? How about the thousands of long term unemployed counterexamples? How about the social disintegration in towns where mines or factories were closed and you have multiple generations who have never worked? Did society benefit there?And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Originally posted by doodab View PostWhat, that no monopoly is possible? Or your statement that the landlord will charge "what the market will bear" which seems to be a statement of the inverse elasticity rule that applies in monopoly situations?
Originally posted by doodab View PostWill a single counterexample suffice? How about the thousands of long term unemployed counterexamples? How about the social disintegration in towns where mines or factories were closed and you have multiple generations who have never worked? Did society benefit there?Comment
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Originally posted by Robinho View Postif all the actors are acting rationally
In fact, some philosophers will tell you that we don't really even know what 'rational' means.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Originally posted by Mich the Tester View PostHumans don't act rationally.Comment
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Originally posted by Robinho View PostWhich is exactly why the market should decide things, and not the government.
The sole fact that humans don't act rationally makes it impossible for a monopoly to not affect prices.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Originally posted by Mich the Tester View PostYou said 'A monopoly is possible, but it won't effect the prices if all the actors are acting rationally.'
The sole fact that humans don't act rationally makes it impossible for a monopoly to not affect prices.Comment
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Originally posted by Robinho View PostHow do you know the monopolist is acting rationally? He might make all the rent free, so how have you come to the conclusion that a monopoly a bad thing?And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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