51 Visitor Messages

  1. Why do you say there is no limit to the desire to consume steel?
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    I'm assuming though you agree that desires outnumber resources right? By this I mean that there is no limit to the desire to consume steel while there is a limit to how much is available for production. There is a point where production is capped. So if we assume the example is a capped production level you are saying that a democratically elected group would determine the distribution of the goods? Would that be true for every industry? So are we as citizens responsible for electing steel commissioners, car commissioners, electric commissioners, etc to infinity?
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    But it of course will affect another company because there are infinite wants and finite resources. So lets say we have our steel industry and they can produce 300 tons of steel. Now lets imagine there are only three uses for steel (to make the argument simpler). Cars, Ships, Homes. The Car industry requires 150 tons of steel, the Shipping industry 200 tons, and the home industry 400 tons. Who decides exactly how that is divided and by what means? Does the entire economy vote by ballot on the measure? Is there a board of people discussing relative worth of the final products?
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    I pointing out that the term "socially useful" indicates a selection of production and allocation of resources. My question is how is the value of that labor defined when it comes to the exchange rate for the good or if it is a non-consumer good to the allocation of it as a follow on resource. For example. If a steel manufacturer is able to produce 300 tons of steel. How is the allocation of that production to cars or ships or homes or nails or whatever assigned? How is its relative use determined?
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    My question would then be, if we are going to restrict it beyond just labor to "socially useful" labor, then how is the value of that labor assigned? If it is assigned via the consumer how is that fundamentally different than marginal utility?
  6. View Conversation
    Quick question, what are the sources of value for a product within Socialistic economics? IE what inputs increases a product's value?
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    Where would you like me to post my ruling at?
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    I'm still working on that reply and I'll see if I can get it done tomorrow. If I don't, there might be a bit of a wait, as my 19th is Saturday, I have a test Tuesday, and an essay next Friday
  9. View Conversation
    If biomedical scientists make over double the average... why would you only quote a figure right at the national average or a different, specific type of researcher as representative of "British researchers"? Do you honestly not see the dishonesty in that?

    Furthermore, it's not even addressing my original point to which you are responding: those who make the huge leaps here make a ton of money. They are well rewarded. Those "natural science" researchers who are out pulling dirt samples or sifting through cow dung aren't doing incredibly technical, innovative work. NASA scientists, or those who work at DARPA.. do you see where I'm going with this? Top-tier universities attract the best minds, and they pay incredibly well. They also conduct research at those universities under the watchful guidance of those being paid well.

    That is incentive!
  10. Weaving the Web: The Original Design and Ultimate Destiny of the World Wide Web by Its Inventor

    http://www.amazon.co.uk/Weaving-Web-.../dp/0062515861

    Tim Berners-Lee, inventor of the World Wide Web, knighted by Queen Elizabeth II

    http://web.mit.edu/newsoffice/2004/b...-knighted.html

    Invented by Tim Berners-Lee in 1991, the Web has become a medium for collaboration and interaction between individuals and their computers without regard to geographic location.
    http://www.ideafinder.com/history/in...erners-lee.htm
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