Hayek was right. Twice.

[Sampo Syreeni]

On Wed, 3 Jul 2002, Marcel Popescu wrote:

>There's no such thing as "efficient level", except in the tautology "the
>market outcome is always efficient".

Only if you take as granted a market based on some fixed set of property
rights and other rules of exchange. If you do this, there is no reason to
discuss the issue further and your reply was, to put it bluntly,
superfluous.

>We both created stuff we didn't expect to be paid for - these emails.

True. But somehow I fail to see how one can scale this sort of reasoning
to entail anything approaching one of the current TOP10 movies.

Sampo Syreeni, aka decoy - mailto:decoy at iki.fi, tel:+358-50-5756111
student/math+cs/helsinki university, http://www.iki.fi/~decoy/front
openpgp: 050985C2/025E D175 ABE5 027C 9494 EEB0 E090 8BA9 0509 85C2