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Comments on: What is modern business cycle theory http://www.tvhe.co.nz/2008/08/08/what-is-modern-business-cycle-theory/ The Visible Hand in Economics Thu, 14 Aug 2008 18:11:07 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: xocai http://www.tvhe.co.nz/2008/08/08/what-is-modern-business-cycle-theory/#comment-2011 Thu, 14 Aug 2008 18:11:07 +0000 http://tvhe.wordpress.com/?p=829#comment-2011 Good info for modern business cycle theory. If you had read the posts we do around here before you would realise.

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By: Matt Nolan http://www.tvhe.co.nz/2008/08/08/what-is-modern-business-cycle-theory/#comment-2010 Sun, 10 Aug 2008 20:34:43 +0000 http://tvhe.wordpress.com/?p=829#comment-2010 “Everyone has “choice” in a free market, and it’s all a level playing field because everyone is born with the same opportunities. Crap. What a bout freedom from market externalities?”

I think you might be deaf – in a reading sense.

A free market does not necessarily ensure that people have choices, or that there is opportunities for people. I have read Rousseau – in fact I’m a big fan:

http://tvhe.wordpress.com/2008/07/10/all-men-are-born-free-but-everywhere-they-are-in-chains/

I think if you re-read my comment from before – you will realise that your comment makes no sense. You are attacking a straw man.

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By: John http://www.tvhe.co.nz/2008/08/08/what-is-modern-business-cycle-theory/#comment-2009 Sun, 10 Aug 2008 04:27:08 +0000 http://tvhe.wordpress.com/?p=829#comment-2009 A few days ago on national Radio there was a man proposing an alternative theory and I’m wondering if you think his ideas have any merit:

http://www.radionz.co.nz/audio/national/ntn/2008/07/28/housing_crash_prediction

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By: roger nome http://www.tvhe.co.nz/2008/08/08/what-is-modern-business-cycle-theory/#comment-2008 Sat, 09 Aug 2008 03:06:58 +0000 http://tvhe.wordpress.com/?p=829#comment-2008 “I have said that I believe a society that allows choice”

More orwellian “choice” rhetoric. Choice to buy “arnots” crackers or “yumyum” crackers is pretty empty. If you think freedom to consume what ever you want whenever you want is what’s important in life, you’ve got a pretty hollow beliefs system.

Everyone has “choice” in a free market, and it’s all a level playing field because everyone is born with the same opportunities. Crap. What a bout freedom from market externalities?

Imagine if someone cut off your right arm and told you, you have the same “choices” as everyone else because you live in a free-market economy. This “choice” rhetoric will sound the same to someone who say, grew up in poverty and who only knew hopelessness desperation and depression, all because of the “choices” that the market gave their parents. And so the cycle goes on.

Yes …. “choice” – another brainwashed economist.

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By: Matt Nolan http://www.tvhe.co.nz/2008/08/08/what-is-modern-business-cycle-theory/#comment-2007 Sat, 09 Aug 2008 02:43:57 +0000 http://tvhe.wordpress.com/?p=829#comment-2007 “Matt – if the free-market=happiness, why does venezuala rank higher than the US in the global happiness survey?”

A) Not the point of the post – why didn’t you find a post on happiness to spam comments on?

B) When have I ever said free-market=happiness? I have said that I believe a society that allows choice will end up with a higher level of happiness than a society that restricts it – but have I ever even said that a “free market” promotes choice?

Define what you think a “free market” and I will tell you if I think its super duper.

This blog is called “the visible hand” because we do believe there is a role for government – and that role comes from helping to create an environment where individuals can make choices, and where the costs and benefits of those choices accurately reflect the true social benefits and costs. If you had read the posts we do around here before (which I wouldn’t ask you to do – it just seems unusual that you feel you can describe my views without reading them) you would realise that.

I think you are trying to find some dogmatic “neo-liberal/neo-conservative/evil-corporate” conspiracy here when one does not exist.

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By: roger nome http://www.tvhe.co.nz/2008/08/08/what-is-modern-business-cycle-theory/#comment-2006 Sat, 09 Aug 2008 00:21:33 +0000 http://tvhe.wordpress.com/?p=829#comment-2006 Matt – if the free-market=happiness, why does venezuala rank higher than the US in the global happiness survey?

http://www.nationmaster.com/graph/lif_hap_net-lifestyle-happiness-net&int=-1

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