On 6/28/07, Michael Perelman <[EMAIL PROTECTED]> wrote:
There are different kinds of efficiency -- short-run and long-run. The native american group can have superior long-run efficiency to the Europeans but still lose out to their superior force.
good point! this corresponds roughly to the distinction between individual efficiency i.e., profitability that's emphasized by capitalism and more social efficiency. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
