Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Warning: Cannot modify header information - headers already sent by (output started at /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php:6131) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/feed-rss2-comments.php on line 8
Comments on: Discussion Tuesday http://www.tvhe.co.nz/2014/06/10/discussion-tuesday-22/ The Visible Hand in Economics Wed, 11 Jun 2014 12:50:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: lalitha http://www.tvhe.co.nz/2014/06/10/discussion-tuesday-22/#comment-43371 Wed, 11 Jun 2014 12:50:00 +0000 http://www.tvhe.co.nz/?p=11384#comment-43371 Hi my family member! I wish to say that this post is amazing, nice
written and come with approximately all important infos. I’d like to see
more posts like this .

]]> By: Kimble http://www.tvhe.co.nz/2014/06/10/discussion-tuesday-22/#comment-43367 Tue, 10 Jun 2014 23:58:00 +0000 http://www.tvhe.co.nz/?p=11384#comment-43367 In reply to JC.

Everything said by an economist has a silent “In general…” at the start of it.

Economists merely employ a time saving shorthand for the phrase. They call it “inhaling”.

]]> By: JC http://www.tvhe.co.nz/2014/06/10/discussion-tuesday-22/#comment-43365 Tue, 10 Jun 2014 03:26:00 +0000 http://www.tvhe.co.nz/?p=11384#comment-43365 Perhaps the sentence should start with “In general” or somesuch because I can think of societies that could be poor or fragmented but get a one off windfall of some product like oil or phosphate or something like that and prefer to use the accumulated revenues to future proof the nation in someway.

The natives get very little of this income but they do get a product like damage repairs or increased political stability which doesn’t change the inequality but generally is an advantage to all. Sometimes just being no worse off than formerly is the best reward of all.. just ask the Syrians about that.

JC

]]> By: Kimble http://www.tvhe.co.nz/2014/06/10/discussion-tuesday-22/#comment-43364 Tue, 10 Jun 2014 00:42:00 +0000 http://www.tvhe.co.nz/?p=11384#comment-43364 One perverse conclusion from the ‘relative inequality causes cancer’ argument, is that massive inequality is fine as long as the people at the bottom never see the people at the top.

Anyway, the wealthier a society is, the less absolute poverty it should be willing to accept.

]]> By: Michael Reddell http://www.tvhe.co.nz/2014/06/10/discussion-tuesday-22/#comment-43360 Mon, 09 Jun 2014 21:08:00 +0000 http://www.tvhe.co.nz/?p=11384#comment-43360 How about reversing the argument. The poorer a society the less income inequality it should be willing to accept. In a very poor subsistence society, extra resources/product accruing to a small group might mean a materially heightened risk of early death for others.

]]>