Models of Man: Homo ordinis (and some generalities on utility)

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Article #2665

#2665

From: fbonsignore
Date: Sun, 29 May 2005 15:39

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Classical theory states that we act as maximiazing machines acting
through and by a utility function with certain characteristics. From
this basic setup several conclusions are reached, one of them most
important being that of specialization as a way to maximize production.
Men are assumed to *naturally*, that is, through the workings of the
economic system, to achieve a level of specialization that drives
production to the maximum, even to the level of sholw countries! (Smith
& Ricardo)

But, this is a very ideal setup, indeed. How can we make it work in the
presence of generalists? To make it work as specified, the underlying
homo *must* be very ordered! In other words, the principle of
specialization to maximize production implies a national character,
namely, that of the Nation which gave birth to this theory. For other
people itr may not work at all, simply because they won't achieve that
level of specialization.

In terms of utility functions, it is a statement on the size of the
categories of indifference! Ordered people would have very narrow
levels of utility...
Danilo J. BOnsignore then Fabrizio J BOnsignore again Danilo J.
Bonsignore

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From: fbonsignore@beethoven.com
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Subject: Models of Man: Homo ordinis (and some generalities on utility)
Date: 29 May 2005 08:39:40 -0700
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