Xerographica
Member
- Joined
- Nov 16, 2010
- Messages
- 1,345
In this thread...Perspectives Matter - Economics in One Lesson...I proposed a variety of pragmatarianism in which people would have the option to give their taxes to specific congresspeople. Out of curiosity, I started a thread in a couple political forums to see which congressperson people found to be the most trustworthy...
For a while now I've been trying to teach you guys about Bastiat's opportunity cost concept and Hayek's partial knowledge concept. Just recently, thanks to helmuth_hubener's suggestion that I listen to Ralph Raico's seminar on Classical Liberalism, I learned that a French economist by the name of Turgot discussed the opportunity cost concept and the partial knowledge concept before Bastiat was even born. In other words...he was an early proponent of the idea that perspectives matter...
In my thread on perspectives mattering....here's a point that Sam I am brought up...
Here's what Turgot's response would have been...
and...
The information exists...but people just don't have it. If they don't have it then they'll never understand why they don't need 538 congresspeople making decisions with money that they did not sweat, toil, labor and sacrifice to earn. So let's get the Magna Carta Movement started and make it impossible for people to avoid bumping into this information.
It's really easy to do...just sign up to these forums and help people understand exactly how we would all stand to benefit by allowing taxpayers to directly allocate their taxes...
- Which Congressperson Would You Trust With Your Taxes? - DebatePolitics.com
- Which Congressperson Would You Trust With Your Taxes? - PoliticalForum.com
While I don't really trust them either, at least they are more knowledgeable in economics and have been elected specifically to do just that. Therefore, I trust them a bit more than I trust Joe Blow plumber who can't balance a checkbook to safe his life. - Cephus
You can't really expect people to take the time out to distribute their taxes in the optimal way for governance, because they don't have the interest, education, or experience for it, usually. Bureaucratic functions are left up to officials for good reason, because they usually are people with the appropriate knowledge and experience. Joe the Plumber might be good at his job, but he doesn't have the background or perspective for delegating funds for the government. - Serfin' USA
For a while now I've been trying to teach you guys about Bastiat's opportunity cost concept and Hayek's partial knowledge concept. Just recently, thanks to helmuth_hubener's suggestion that I listen to Ralph Raico's seminar on Classical Liberalism, I learned that a French economist by the name of Turgot discussed the opportunity cost concept and the partial knowledge concept before Bastiat was even born. In other words...he was an early proponent of the idea that perspectives matter...
Although Turgot called the cost of a product its “fundamental value,” he comes down generally to a rudimentary version of the later Austrian view that all costs are really “opportunity costs,” sacrifices foregoing a certain amount of resources that would have been produced elsewhere. Thus, Turgot’s actor (in this case an isolated one) appraises and evaluates objects on the basis of their significance to himself. First, Turgot says that this significance, or utility, is the importance of his “time and toil” expended, but then he treats this concept as equivalent to productive opportunity foregone: as “the portion of his resources which he can use to acquire an evaluated object without thereby sacrificing the quest for other objects of equal or greater importance.” - Murray Rothbard, The Turgot Collection
Thus our policy should surrender itself to the course of nature, and the course of commerce, which is no less necessary and no less irresistible than the course of nature, without seeking to direct this course. For, in order to guide it without disturbing it, and without injuring ourselves, it would be necessary for us to be able to follow all the changes in the needs, the interests, and the industry of mankind. It would be necessary to know these in such detail as would be physically impossible to obtain, and in which even the most skillful, the most active and the most painstaking government will risk always to be wrong in half the cases, as is observed or acknowledged by Abbé Galiani in a work in which he nevertheless vindicates with the greatest zeal the system of prohibitions just on the type of trade where they are most disastrous, to wit, the grain trade. I add that, even if we had for all these particulars the mass of knowledge which is impossible to gather, the result would only be to let things go precisely as they would have gone by themselves, by the simple action of the self-interest of man, enlivened and held in check by a free competition. - Turgot, The Turgot Collection
In my thread on perspectives mattering....here's a point that Sam I am brought up...
So, what you're saying is, that if you donated that $2000 to something that ended up not getting enough money, then it sucks to be you. You just pissed $2000 for nothing. sounds like a plan.
Here's what Turgot's response would have been...
To expect the government to prevent such fraud from ever occurring would be like wanting it to provide cushions for all the children who might fall. To assume it to be possible to prevent successfully, by regulation, all possible malpractices of this kind, is to sacrifice to a chimerical perfection the whole progress of industry
and...
To suppose all consumers to be dupes, and all merchants and manufacturers to be cheats, has the effect of authorizing them to be so, and of degrading all the working members of the community
The information exists...but people just don't have it. If they don't have it then they'll never understand why they don't need 538 congresspeople making decisions with money that they did not sweat, toil, labor and sacrifice to earn. So let's get the Magna Carta Movement started and make it impossible for people to avoid bumping into this information.
It's really easy to do...just sign up to these forums and help people understand exactly how we would all stand to benefit by allowing taxpayers to directly allocate their taxes...
- Which Congressperson Would You Trust With Your Taxes? - DebatePolitics.com
- Which Congressperson Would You Trust With Your Taxes? - PoliticalForum.com