"Bob" [EMAIL PROTECTED] wrote:
Efficiency? You think a criminal enterprise can enforce efficiency?
They can't even do that in the Military. Show me one government
operation
that is efficient. Just one!
Easy! How about their hiring offices for shiny new bureaucrats? Those
seem to be
David Hillary wrote:
The allocation of
natural resources in these circumstances is characterised by
inefficiency and imprudent use (e.g. a fishery will by inefficiently
over-harvested if many fishers can access it without restriction). In
order to use the price mechanism to ration the
Bob wrote:
David Hillary wrote:
The allocation of
natural resources in these circumstances is characterised by
inefficiency and imprudent use (e.g. a fishery will by inefficiently
over-harvested if many fishers can access it without restriction). In
order to use the price mechanism
David Hillary wrote:
Bob wrote:
David Hillary wrote:
The allocation of
natural resources in these circumstances is characterised by
inefficiency and imprudent use (e.g. a fishery will by inefficiently
over-harvested if many fishers can access it without restriction). In
Establishing property rights in a fishery goes like this:
You go and get some fish.
When you have them on board and off the decks (so you can't easily
loose them), they are now your property. No government required here.
The government auctioning the right to fish presupposes that the
