The first point would be more of an issue in terms of that particular state’s particular economic policies: in a democratic state, economic policies that would not result in such an outcome would win out.
The second point… do you mean to say that, were there to be many job-assigning institutions competing to get the same job performed at the least possible cost, the equilibrium would fall into job-performers being given more resources than what they would receive were they to be considered disposable cattle? That only works if the work-performers are scarce, in which case it doesn’t matter whether there is one or many institutions competing. And if the work-performers are abundant, the equilibrium will fall into them being given exactly as many resources as they physically need to perform their job.
In a perfect market, centralizing or decentralizing doesn’t achieve anything: what matters is simply offer and demand.
Also, why do you put scare quotes around “economic planning” and “economic policy”?
The first point would be more of an issue in terms of that particular state’s particular economic policies: in a democratic state, economic policies that would not result in such an outcome would win out.
No, my point is that by and large states don’t need and shouldn’t have “economic policies”.
The second point… do you mean to say that, were there to be many job-assigning institutions competing to get the same job performed at the least possible cost, the equilibrium would fall into job-performers being given more resources than what they would receive were they to be considered disposable cattle? That only works if the work-performers are scarce, in which case it doesn’t matter whether there is one or many institutions competing. And if the work-performers are abundant, the equilibrium will fall into them being given exactly as many resources as they physically need to perform their job.
Are you trying to argue that monopsony power doesn’t exist? Without monopsony power an employer who pays low wages will have a hard time attracting employees. Whereas a monopsony employer can set wages arbitrarily low, his only limit is his own conscience and that at some point potential employees will prefer not to work. It’s possible to state the above more mathematically, for example here (Note: that article talks about monopoly rather than monopsony but the principal is the same).
In a perfect market, centralizing or decentralizing doesn’t achieve anything: what matters is simply offer and demand.
Except that centralizing destroys the perfect market.
No, my point is that by and large states don’t need and shouldn’t have “economic policies”.
You haven’t established that point to my satisfaction. Don’t try to: it’s not that I don’t expect you to succeed, it’s that, at this point in time, I am compelled away by urgent priorities.
Except that centralizing destroys the perfect market.
I now know that we are falling for red herrings, both of us. I also acknowledge that I am out of my depth, and that I will have to leave this sort of conversation for when my understanding of economics and game theory are sufficient to tackle it with ease. I advise you to do the same: I have the feeling that there is much cached wisdom and pre-rehearsed arguments in what you say, as I will acknowledge there is in mine.
The first point would be more of an issue in terms of that particular state’s particular economic policies: in a democratic state, economic policies that would not result in such an outcome would win out.
The second point… do you mean to say that, were there to be many job-assigning institutions competing to get the same job performed at the least possible cost, the equilibrium would fall into job-performers being given more resources than what they would receive were they to be considered disposable cattle? That only works if the work-performers are scarce, in which case it doesn’t matter whether there is one or many institutions competing. And if the work-performers are abundant, the equilibrium will fall into them being given exactly as many resources as they physically need to perform their job.
In a perfect market, centralizing or decentralizing doesn’t achieve anything: what matters is simply offer and demand.
Also, why do you put scare quotes around “economic planning” and “economic policy”?
No, my point is that by and large states don’t need and shouldn’t have “economic policies”.
Are you trying to argue that monopsony power doesn’t exist? Without monopsony power an employer who pays low wages will have a hard time attracting employees. Whereas a monopsony employer can set wages arbitrarily low, his only limit is his own conscience and that at some point potential employees will prefer not to work. It’s possible to state the above more mathematically, for example here (Note: that article talks about monopoly rather than monopsony but the principal is the same).
Except that centralizing destroys the perfect market.
You haven’t established that point to my satisfaction. Don’t try to: it’s not that I don’t expect you to succeed, it’s that, at this point in time, I am compelled away by urgent priorities.
I now know that we are falling for red herrings, both of us. I also acknowledge that I am out of my depth, and that I will have to leave this sort of conversation for when my understanding of economics and game theory are sufficient to tackle it with ease. I advise you to do the same: I have the feeling that there is much cached wisdom and pre-rehearsed arguments in what you say, as I will acknowledge there is in mine.