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Showing posts from October, 2010

Cake or death?

Apologies to Eddie Izzard. Well, which is it? Cake or death?

Thought experiment in economics from biology

Since discovering Ludwig von Mises, Ayn Rand and Karl Marx's Das Kapital, I've been interested in economics. In a previous post, I claimed that the big hurdle in South Africa's economic environment is transaction cost. This is due to the dismal results of the state intervention in the economy and the conclusion of Coase's Theorem.

Yet we as humans still have to abide by the laws of the jungle since we are at our roots animals and nothing more. This made me wonder if some known biological phenomena could apply to the economic environment of human beings. Two such phenomena are the paradox of enrichment and the paradox of pesticides.

Socialism, Social democracy, Communism and its aims
The difference between these is of degree and not of ideology. All of these aim for the greatest common good. The methods that they employ are geared towards creating a classless society where decisions are taken from a centralised point in order to benefit the majority. Traditionally, this me…