>From: "Technotranscendence" <[EMAIL PROTECTED]> > >On Tuesday, May 28, 2002 12:25 AM John Perich [EMAIL PROTECTED] >wrote: > > But it's just >awkward to > > state it the right way. :) )
QED: >Wouldn't it be more accurate to say that an entrepreneur must find a >price above cost in order to make it worth her or his while to make the >product? Of course, this is based on predictions -- that the price will >be at or above the expected price and the cost will be at or below the >expected cost -- which can be and often enough are wrong. I.e., a good >or service won't be produced over the long run, if it can't sell enough >above cost to make it worth someone's while to provide. This would >apply to things like toilets where the cost is bundled with other good >and services. The business owner still needs to make enough profit >above the cost of the toilet to make it worth her or his while -- or, >more accurately, believe this will be the case. > >This, I believe, captures the Austrian position, though I'm not sure if >non-Austrians don't hold the same view. Any takers? > >Cheers! > >Dan >http://uweb.superlink.net/neptune/ > >"... the goal for all art... is to explain to the artist himself and to >those around him what man lives for, what is the meaning of his >existence. To explain to people the reason for their appearance on this >planet; or if not to explain, at least to pose the question." -- Andrei >Tarkovskii ------------------------------------------------------------------------------ I'm never gonna work another day in my life. The gods told me to relax; they said I'm gonna be fixed up right. I'm never gonna work another day in my life. I'm way too busy powertrippin', but I'm gonna shed you some light. - Monster Magnet, "Powertrip" _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com
