> 4.The notion that no one is in control - that economic order
> spontaneously emerges from the chaotic interactions of millions of
> individuals and firms -is quite hard to swallow.
>
...
The notion that it satisfies efficiently the whole of human society
and it is the magical solution to all the worrying trends
is that is hard to swallow, because it is unsubstanciated.
...
> 6.Chaos is not disorder, it is a higher form of order. Chaos covers
> everything that seems to be disorderly but in fact adheres to underlying
> patterns. The weather is a perfect example.
>
yes, thus we know that the chaos of the market system periodically
brings crises, implosions that cause - now global - suffering.
So it is a very inefficient system, indeed.
...
> 10.Without a central controller, a flexible and efficient use of
> resources spontaneously emerges from buying and selling among
> independent agents.
>
Independent agents?? I think whoever is the author, I suggest
the re-sit of the exam.
Eva
> Source: <http://www.sat.net/~hermital/index.htm>
> --
> ___________________________________________________________________
> http://publish.uwo.ca/~mcdaniel/
>
>
>
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