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Comments on: Limited knowledge provides the limits to government http://www.tvhe.co.nz/2013/01/24/limited-knowledge-provides-the-limits-to-government/ The Visible Hand in Economics Sat, 26 Jan 2013 19:39:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2013/01/24/limited-knowledge-provides-the-limits-to-government/#comment-40370 Sat, 26 Jan 2013 19:39:00 +0000 http://www.tvhe.co.nz/?p=8067#comment-40370 In reply to boristhefrog.

Hi Boris,

Of course I generally agree with you – the one thing I’d add is that any “goal” isn’t so much a target to start with, as an area that we want to look at. Then we can figure out trade-offs, and ask society how it feels.

The idea that government can, or should, do much more is based on this strange command and control version of the economy – that requires unrealistic institutions and knowledge IMO.

]]> By: boristhefrog http://www.tvhe.co.nz/2013/01/24/limited-knowledge-provides-the-limits-to-government/#comment-40369 Fri, 25 Jan 2013 22:49:00 +0000 http://www.tvhe.co.nz/?p=8067#comment-40369 Never convinced by the ‘vision’ thing… Stalin had a great vision… as did Pol Pot…. The other problem is that the ‘vision’ people may want is very likely to be the ‘mom & apple pie’ type of thing that gets bandied around from time to time… what trade offs can you make about ‘safer communities’ or ‘greater opporuntiites’ and how do you measure a Government’s performance against such waffly ‘goals’ as these…

I agree that talking about goals as opposed to vision allows a discussion about trade offs and I think that is a good thing as well… but maybe we should limit the discussion to a list of goals (getting back into the top half of the OECD anyone?) rather than grandiose visions of what we think the world should look like…

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