Re: [armchair] Re: spamonomics
Fraud is not part of the market. Fred Foldvary --- Ron Baty [EMAIL PROTECTED] wrote: Fraud should not be part of the market but always has been and will likely continue to be part of any realistic market A pure market consists of voluntary economic acts, and theft, including fraud, has involuntary victims, so fraud is outside the pure free market. You are really saying that there will always be attacks on property rights; but these are violations of rather than part of a pure market. In a free market economy how would you eliminate fraud without limiting the free market or changing human nature? Of course no policy can eliminate fraud; rather, optimal policy seeks to minimize the net social cost of fraud. And is it not the presence of fraud, using a broad definition, that enhances the effect of reputation in market exchanges. I don't see why that would be the case. Fred Foldvary
Re: [armchair] Re: spamonomics
Aside from the legitimate economic reasons for v!gra spam I would offer that the mark-up on sugar pills marketed as v!agra is quite high. Quality control is a significant problem when buying any drug over the internet, that is what are you actually receiving? The brain is our largest sex organ, this enhances the placebo effect of taking a drug you think is V!agra. If you are taking it for a non-medical reason, sexual enhancement, you potentially may never notice that its not actually V!agra. Additionally, people who buy v!agra for non-medical uses are not likely to complain of any problems with their purchase. Ron B. [EMAIL PROTECTED] - Original Message - From: john hull [EMAIL PROTECTED] To: [EMAIL PROTECTED] Sent: Wednesday, January 21, 2004 8:15 AM Subject: [armchair] Re: spamonomics I would. It happens all the time. So what are the methodologies of the auto-erotic reporting studies and how are they flawed? __ Do you Yahoo!? Yahoo! Hotjobs: Enter the Signing Bonus Sweepstakes http://hotjobs.sweepstakes.yahoo.com/signingbonus
