[EMAIL PROTECTED] wrote: > > Whatever other critiques of capitalism there may be -- > and I am convinced there are many -- and whatever > the relative importance of different deficiencies in > capitalism -- and I, personally do not begin with an > efficiency based critique -- I do beleive there are > powerful efficiency critiques of capitalism. And not > just of the Keynesian some sort of market disequilibria > or other variety. Prevalence of externalities (E.K. Hunt), > inefficient choices of technology and remuneration by > owners (the conflict theory of the firm -- too many to > mention), and socially irrational and inefficient preference > (mis)development > effects of significant and predictable biases in the prices > of even the most competitive and well equilibrated of > private market systems (Albert and Hahnel) are ALL > elements of important efficiency critiques of capitalism. > Moreover, some of these critiques can be perfectly well > formulated and presented using neoclassical "tools." Hear, hear! ==================================================== Max B. Sawicky 202-775-8810 (voice) Economic Policy Institute 202-775-0819 (fax) 1660 L Street, NW [EMAIL PROTECTED] Suite 1200 Washington, DC 20036
