Hayek was right. Twice.

Michael Motyka mmotyka at lsil.com
Wed Jul 3 09:14:15 PDT 2002


"Marcel Popescu" <mdpopescu at subdimension.com> wrote :
>
>From: "Sampo Syreeni" <decoy at 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
>
The why is easy - for some reason you think that strutting around in
this barnyard is going to get you more chicas. 

Mike





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