tag:blogger.com,1999:blog-1752771132348583018.post4313070800720948505..comments2024-03-28T21:29:15.984-05:00Comments on Managerial Econ: The real meaning of ThanksgivingLuke Froebhttp://www.blogger.com/profile/06832270922187297624noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1752771132348583018.post-73591690800134032892010-12-04T00:42:29.026-06:002010-12-04T00:42:29.026-06:00I am curious if this represents Nash's Equilib...I am curious if this represents Nash's Equilibrium in some fashion (work versus shirk debate in particular). If they were not able to move to privatization, what would have been the equilibrium? This would be a great example to go over in class if it were possible to quantify it.Dan Angiushttps://www.blogger.com/profile/14696049397006778678noreply@blogger.comtag:blogger.com,1999:blog-1752771132348583018.post-55673834606674464072010-11-30T08:36:20.984-06:002010-11-30T08:36:20.984-06:00In spite of their natural selfishness and rapacity...In spite of their natural selfishness and rapacity, though they mean only their own conveniency, though the sole end which they propose ... be the gratification of their own vain and insatiable desires, they divide with the poor the produce of all their improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society.jasonnoreply@blogger.comtag:blogger.com,1999:blog-1752771132348583018.post-91202038450369239722010-11-29T13:18:02.903-06:002010-11-29T13:18:02.903-06:00Too bad that many academics and especially euro-ce...Too bad that many academics and especially euro-centric economists seek to apply this isolated example of human failure as some fundamental truth as if these pitiful pilgrims represent everyone. What Columbus and the early pilgrims stumbled upon - and did NOT discover by the way - was an unknown continent that was in fact more populous than Europe, with bigger cities, more advanced medicine, superior agriculture, and healthier people - none of which they realized. Yet, communal farming was at the very core of the pre-colonial American economy. What is more interesting is that this isn't the type of lesson taught in high school or in a leading University economics curriculum either, apparently.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1752771132348583018.post-80091340808843053512010-11-28T18:09:34.499-06:002010-11-28T18:09:34.499-06:00very interesting...very interesting...Reader Regularhttps://www.blogger.com/profile/03474539469208745000noreply@blogger.comtag:blogger.com,1999:blog-1752771132348583018.post-46462426441561175372010-11-24T22:59:36.730-06:002010-11-24T22:59:36.730-06:00Man's nature is evil, as maintained by Xun Zi ...Man's nature is evil, as maintained by Xun Zi 2,000 years ago. Happy Thanksgiving! JackyAnonymousnoreply@blogger.com