Re: Hayek was right. Twice.

From: "Sampo Syreeni" <decoy@iki.fi>

But when the yield does not go to the one who created the master copy, why should anyone create anything, anymore? (Or, more realistically, why should people create at an efficient level?)

There's no such thing as "efficient level", except in the tautology "the market outcome is always efficient". We both created stuff we didn't expect to be paid for - these emails. Why - this is for psychology to discover. Mark