Re: SOCIETIES AND ECONOMIC SYSTEMS

[Caspar Davis]

I am reminded by Arthur Cordell that pricing which includes ALL the
true costs is another prerequisite of a real free market economy. The
present system externalizes most true costs and internalizes (as
profit) many benefits (such as rent for land and othr natural
resources) which should rightly go to society a sa whole.

It is in large part because most economists ignore or justify such
things that they earn so much opprobrium. It is as if engineers decided
to ignore gravity and proclaim friction a boost to energy.

Caspar Davis