On 3/26/07, David B. Shemano <[EMAIL PROTECTED]> wrote:
"But the pearls are all gone!" That is your prediction of the market process. But to the contrary, eventually our entrepeneur would start farming his pearls, which is exactly what now occurs, and there are plenty of pearls (at a price). Score another one for the market.
In an ideal world every transaction is another score for the market. In the real world, the entrepreneur would not only farm his pearls, he would clear oceans of all marine life to help him farm pearls more "efficiently"; he would lobby for laws to subsidize pearl farming etc. -raghu.
