Need a dialogue on this ECO101...

Discussion in 'Economics' started by SNBthetrue, Dec 3, 2009.

Are resources raly scarce ?

  1. Yes... the earth is round...

    11 vote(s)
    68.8%
  2. No, infinite universe, infinite resources.

    5 vote(s)
    31.3%
  1. Really - the worst advice ever? Hmm...I suspect a good majority of the ET community will side with me and dismiss you as another consipracy theorist.

    However, let me give you a more apt metaphor since you seem to understand those a bit better than page 3 of ECO101.

    It is a good idea to scan the ground before laying the foundation. However, your are not laying a foundation - you are questioning the foundation of the Empire State Building. Good luck with that. While your at it - could you tell me where Elvis is really living right now?
     
    #11     Dec 3, 2009
  2. Dear Jeffh0821,

    May I again say the pleasure that I have to read you. I really think that the image of questionning the foundation of the Empire State Building is perfect. Thank you very much for it. Secondly, by your wise questionning, you give me the opportunity to think again. I will be proud to be labbeled as a conspiracy theorist. I think it's not a crime ( 1st amendement right ? )

    First of all, I think that it's not a problem to be alone facing the whole community, as long as it's made with all the respect due to the community, using the rules of the community; not against it, but only to understand the community, and maybe as a whole the society.

    Furthermore, you certainly know that being alone facing the market, is the King "setup" or the true Edge. Moreover, I think that every remaking of history was done from the center to the outer. To illustrate my idea, I think that the concept of introducing fire to humanity made the point. Some were even uncapable of thinking fire before they saw it.

    As we are at it. I think that again with all my due respect you point the exact problem. I thank you again for the good luck about this quest. It took me some time to realize... Empire State Building... <3 ( i am really troubled thx ). I am nearly sure that you know what I will write, It's about the Washington Monument ( the white egyptians Obelisk ). They couldn't build it as they say in wikipedia in front of the White House because of the ground isn't strong enough to support it, but the true fact is if you go behind the white house and follow the block you arrive at the HQ of 33''... The tallest monument of the old world, is also the tallest building in stone ever made... Because they couldn't reach the height they wanted and started thinking about steel's structure which lead to the skyscrapper and the Empire State.
    Oh and did you know that the top of the Obelisk is a 100 ounce aluminium tip to quote wikipedia (It was the largest single piece of aluminum cast at the time. In 1884 aluminum was as expensive as silver, both $1 per ounce.[6] Over time, however, the price of the metal dropped; the invention of the Hall-Héroult process in 1886 caused the high price of aluminum to permanently collapse.)
    Ohh I have no proof but I think he lived in the private Island near the hawaians :) Elvis...

    Seriously :
    Rule #1: There's no absolute truth, only opinions.
    Rule #2: No changes are permanent, but change is. (Rush)
    Rule #3: You are only as free as you permit yourself to be.

    So at the end, it doesn't answer to the problem I have... Are resources limited?

    And as you point out, is the economical science still a science if it has a hardwire dogma in it ? And furthermore is the "limitation" or the trueness blocking the evolution that should have taken place in the economic science. I have the feeling that we stoped just after the discovery that the earth was round... but never integrate that we can layerize this roundness... If I am clear... And that since our understanding is limited by this error, since so long we can't admitt it. The consequences would be so profond like in physics we will have to rewritte everything... It's like the Einstein relativity never made the cross... And I don't take into account the later discovery...
     
    #12     Dec 3, 2009
  3. So is it wrong to attack the most sacred premise in economics?
     
    #13     Dec 4, 2009
  4. Banjo

    Banjo

    #14     Dec 4, 2009
  5. achilles28

    achilles28

    Now that's Conspiratorial Fear-Mongering.

    Water? You mean that cold, liquid stuff in the Oceans. Oceans that are a few miles deep? And rising, from global warming?

    So we're going to run out of water while the Oceans are rising ?!

    M'kay. lol
     
    #15     Dec 4, 2009
  6. Emprors of the market, please use your power. Respected not feared, loved not feared...
     
    #16     Dec 4, 2009
  7. that's call a psyoperator... It's impossible to be that stupid... everyone know it. However the way he speaks make nice fellow men wanted to help him. but the only thing he want his brain/cycle... nothing more... nothing less...
     
    #17     Dec 4, 2009
  8. However the guy can't know that nano particules, antibiotics, radiative particules, dust from metals, and all the microorganism ( even the artificial one ) are on water.

    Making a wise decision to feder now and save gard the few last clean water spot FREELY avaible...

    However in a large sense the Market is strong enough to provide ANYTHing even clean water :)
     
    #18     Dec 4, 2009
  9. achilles28

    achilles28

    Scarcity is defined by cost.

    Nothing is free, freely-made, or freely available for use.

    Everything costs something to make.

    And the dominate cost is usually labor, either physical, managerial or skilled = TIME.

    Humans will not sacrifice their time and effort for free.

    Hence, things cost money.

    Money can be freely printed. But its value (purchasing power), declines commensurate to each dollar printed. Assuming a fixed pool of assets.

    So the laws of economics can't be cheated to eradicate scarcity either.

    If humans worked freely, and freely donated their surplus wages to the betterment of society, scarcity wouldn't exist.

    But humans are genetically hard-wired to pursue their own self-interest. Which is why relative scarcity exists. And why Communism failed.
     
    #19     Dec 4, 2009
  10. Dear Achilles,

    I totally agree with you on the cost issue. You explained it well. Furthermore, you are so right that no human will sacrifice their time and effort for free... only the right to use violence from the State permit the draft of our wealth. Because you will agree any tax is a form of sacrifice done by the individual.

    However I think that your idea is flawed in the sense that the highest cost that the people have to support in true productive process is the cost of the governement... I know it's a personnal idea... By it's not so marginal effect the governement pressure trough corrution and waste and propaganda makes that the state of scarcity can appears... without governement intervention i am not sure there is scarcity.

    i am wrong ?

    And about this assumption : "Assuming a fixed pool of assets." We are at the age of exponential... it's frightening but still true !
     
    #20     Dec 4, 2009