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Comments on: Striking and economics http://www.tvhe.co.nz/2008/09/03/striking-and-economics/ The Visible Hand in Economics Fri, 05 Sep 2008 04:49:46 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2320 Fri, 05 Sep 2008 04:49:46 +0000 http://tvhe.wordpress.com/?p=1030#comment-2320 ““they lose site of the incentives and behaviour of the individuals”

And this often gets dismissed as nothing more than a pessimistic view of human nature.”

Wow, I can’t believe how bad my spelling is when I don’t read through things!!

Still yes, agreed – I also enjoy being called “unrealistic” when I don’t agree with their specific view of how the world works.

Ultimately, I believe that lots of people think most other people are stupid – but they don’t see the interesting contradiction such a view causes when they move outside themselves and realise that a lot of other people feel the same way.

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By: Kimble http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2319 Fri, 05 Sep 2008 04:34:45 +0000 http://tvhe.wordpress.com/?p=1030#comment-2319 “they lose site of the incentives and behaviour of the individuals”

And this often gets dismissed as nothing more than a pessimistic view of human nature.

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By: Matt Nolan http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2323 Thu, 04 Sep 2008 23:47:51 +0000 http://tvhe.wordpress.com/?p=1030#comment-2323 “Yeah thats it too. That criticism carries more weight, I think, because the guy who wrote it shares the overall beliefs of Parecons creator.”

Although it sounds like he is trying to sell a competing utopian idea. The difficulty I find with a lot of these type of discussion on society is that they lose site of the incentives and behaviour of the individuals – the very people that form the society. Ahhh well, c’est la vie

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By: Kimble http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2322 Thu, 04 Sep 2008 23:34:08 +0000 http://tvhe.wordpress.com/?p=1030#comment-2322 “Is this the criticism you are talking about:”

Yeah thats it too. That criticism carries more weight, I think, because the guy who wrote it shares the overall beliefs of Parecons creator.

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By: Matt Nolan http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2321 Thu, 04 Sep 2008 22:58:47 +0000 http://tvhe.wordpress.com/?p=1030#comment-2321 “Inflation also needs to be taken into account”

Indeed that is very true – the stronger unions are, the easier it is to suffer from a “wage-price spiral”. However, if we are in a situation where the central bank is already credible, this should not be a big issue – except for the fact that it may reduce the Bank’s ability to smooth shocks in the economy.

As a result, the true trade-off is between the wage bargaining power of unions and current employees, and the variability in output and employment in the economy. A very interesting thing to think about!

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By: Krelin Naidoo http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2324 Thu, 04 Sep 2008 21:46:44 +0000 http://tvhe.wordpress.com/?p=1030#comment-2324 Strikes seem like a good idea generally in countries where there is adequate employment levels (al least satisfactory) and accountable trade unions. In South Africa (my home) on the other hand, we have governments that run the country with trade unions (the tripartite alliance) causing deadlock and a generally unstable system of governance.

Inflation also needs to be taken into account

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By: Matt Nolan http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2317 Thu, 04 Sep 2008 01:48:31 +0000 http://tvhe.wordpress.com/?p=1030#comment-2317 Is this the criticism you are talking about:

http://www.zmag.org/znet/viewArticle/4348

😛

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By: Kimble http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2318 Thu, 04 Sep 2008 00:10:42 +0000 http://tvhe.wordpress.com/?p=1030#comment-2318 http://orion.it.luc.edu/~dschwei/parecon.htm

You may have had to search for a while to find this critique.

Heh, “Nonsense on Stilts”.

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By: Matt Nolan http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2315 Wed, 03 Sep 2008 23:07:09 +0000 http://tvhe.wordpress.com/?p=1030#comment-2315 “tsk tsk tsk

Are you assuming that those people have the same definition of “unhappy” as you do? 🙂 ”

True 😛

So Parecon is a book aye – over the first few pages the argument seems to be “things are as good as the ‘ideal’ world could be – therefore “capitalism” is not the best way to structure society”. Hmmm.

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By: Kimble http://www.tvhe.co.nz/2008/09/03/striking-and-economics/#comment-2314 Wed, 03 Sep 2008 23:02:32 +0000 http://tvhe.wordpress.com/?p=1030#comment-2314 “As every choice except the “best” choice is effectively an “unhappy” choice (as the economic cost exceeds the economic benefit) this would imply that these sorts of people always believe there is no choice – and that no actions are voluntary.”

tsk tsk tsk

Are you assuming that those people have the same definition of “unhappy” as you do? 🙂

PS. If you want an entertaining read go and google Parecon.

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