Re: Beliefs: the invisible and the visible hands of Adam Smith

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Article #2634

#2634

From: Fabrizio J Bonsignore
Date: Wed, 12 Jul 2006 17:21

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Fabrizio J Bonsignore wrote:
> To exemplify thye application of this model to a real economy, a rough
> estimate of the nonmarket, right siode of the motovating diagram is
> five million people in the United States, people who in some way are
> out of common market opportunities, most of them considered to be
> members of mafia or criminality.

But given some of the structures and dynamics of non market side, an
estimate of five million people (USA Today) exemplifies only the most
apparent aspect of the phenomenon, the simple tags. A much more real
estimate would increase that figure to over __sixty million__ people.
Note that it is assumed from the outset that markets provide efficient
solutions in terms of several economic variables, particularly output,
while non market solutions always fall short of producing an optimum...
One of the main points of this model is to show how both what was
called tentatively the f set modulate the "belonging" to either one or
another side of the economy (for given, relevant, **average** markets).

Fabrizio J Bonsignore now Danilo J Bonsignore

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From: "Fabrizio J Bonsignore" <djbonsignore@hotmail.com>
Newsgroups: sci.econ,sci.physics,ny.politics,seattle.general,dc.general
Subject: Re: Beliefs: the invisible and the visible hands of Adam Smith
Date: 12 Jul 2006 10:21:06 -0700
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