Economics: I, Pencil

Daylight said:
I listed several ways above. One example to refresh you, a large company tying up a smaller companies new product in court for years just to keep them off the market.

How would they do that, unless there were a legitimate grievance? They'd be laughed out of court, and if we moved to a loser-pay system this would backfire.

No, completely right. A large company can manipulate the retail chains and throw its muscle around.

It has no "muscle" to throw around. It deals voluntarily with the retail chain.

Small companies have no chance in your “free market”.

Wrong. Small businesses have the best chance in a free market as regulation hurts them to a much greater proportion than the larger companies who can a) afford it and b) lobby for exceptions. In fact, most of these regulations actually come about from bigger businesses wanting to stop smaller competition. I'm a small business owner; I know whereof I speak here.

The big company just says to the retailer, you want the 10% discount, don’t buy from the smaller company.

There's no way they can say or enforce that. It doesn't work. It's beem tried; it just doesn't work.

I’ve not seen this.

Yes you have, because it was in this very thread, in response to a post of yours!

http://www.randi.org/vbulletin/showthread.php?s=&postid=1870723044#post1870723044

Having to repeat myself is one thing...having to repeat myself in the same thread to the same guy is another matter entirely...
 
Kerberos said:
Sunk costs are barriers to entry.

You have just exposed the profound levels of your ignorance. There is no such thing as "sunk costs" when you're just starting a new business. Sunk costs refer to costs that have already been incurred but that cannot be recouped. For example, if you purchase a plane ticket that cannot be refunded but then cancel the trip. Obviously a new business has no previous costs since it hasn't existed before.

There are costs of entry, but the money put up for those is an investment.

Barriers to entry that are part of the nature of the buisness are no less barriers to entry than any other barriers to entry.

It's called "startup costs." Stop spinning.

And you call other people ignorant of economic theory? A competitive equilibrium is the market equilibrium in a competitive market.

As I have repeatedly explained, the new equilibrium occurs because the competition has shifted the supply curve to the right, resulting in a new equilibrium. It's still "market equilibrium," as you just admitted, and now you're trying to cover up your own ignorance and dishonestly put it on me.
 
shanek said:
No, you don't, liar. You're evading two of them now.

I am tired of playing your game. You are not a skeptic, you are a leech. You abuse skepticism for your own political goals.

Shame on you.
 
shanek said:
You have just exposed the profound levels of your ignorance. There is no such thing as "sunk costs" when you're just starting a new business. Sunk costs refer to costs that have already been incurred but that cannot be recouped. For example, if you purchase a plane ticket that cannot be refunded but then cancel the trip. Obviously a new business has no previous costs since it hasn't existed before.

There are costs of entry, but the money put up for those is an investment.



It's called "startup costs." Stop spinning.
The only one who's spinning is you, if startuå involves sunk costs then that's a barrier to entry.



shanek said:
As I have repeatedly explained, the new equilibrium occurs because the competition has shifted the supply curve to the right, resulting in a new equilibrium. It's still "market equilibrium," as you just admitted, and now you're trying to cover up your own ignorance and dishonestly put it on me.
Having fun with you straw man? Market equilibrium isn't the same as a competitive equilibrium. When are you going to stop spinning anf answer the question?

Oh and you forgot to adress this:

me said:
http://dictionary.reference.com/search?q=common sense
"common sense
n.

Sound judgment not based on specialized knowledge; native good judgment."

Not all skepticism must be based on specialized knowledge. Or perhaps it is sound judgement that you opose - that would explain sooooo much.

me said:
Thanks for killing the big nasty straw man, I feel much safer now. Having perfomed this heroic deed, would you mind answering my question instead of quoting me out of context?



me said:
Having looked forward in the thread I see that you apparently claim that anybody who argues against you, thinks that your inability to provide plausible solutions to problems we raise with libertarianism, proves that no solutions exist. The pencil does indeed slay this mighty straw man.
 
CFLarsen said:
I am tired of playing your game. You are not a skeptic, you are a leech. You abuse skepticism for your own political goals.

Shame on you.

Yeah, yeah, yeah. Answer the questions.
 
Kerberos said:
The only one who's spinning is you, if startuå involves sunk costs then that's a barrier to entry.

It is logically impossible to have sunk costs on startup. Please learn what you are talking about before you go mouthing off.

Having fun with you straw man? Market equilibrium isn't the same as a competitive equilibrium.

Uh, yes, it is.

http://www.sfb504.uni-mannheim.de/glossary/walraseq.htm

When are you going to stop spinning anf answer the question?

When did you ask a question that didn't make bogus economic assumptions?

Oh and you forgot to adress this:

Because it's nothing more than desperate whining. Unless, of course, you can explain how the pencil supports your assertions.
 
I ask you two to think of the children.
Think of the children’s blood lust at seeing two grown men destroying themselves.

We get you two into a cage match in a Las Vegas casino, stage the whole thing before time of course, but you will still get some cuts and bruises just to keep it real. There’s still time to develop personas, make-up, and costumes. We’ll bill the fight as: “TAM3 SmackDown! Claus Versus Shane!”

Think of all the wrestling fans you will be exposing to skepticism. Think of the money that could be made of tickets and T-shirt sales. Most of it will wind up supporting skeptical organizations.

P.S. What I don’t want to see is you two in bar at TAM3 drinking beers and arguing loudly about whether governmental accounting rules are better than private sector accounting rules. In fact, no one wants to see that happen.

P.P.S. How about this line, “An epic battle that will send one man to the insane asylum, the other to the city morgue!” Think about it.
 
Since I am a nonviolent man and I do not drink, neither scenario is likely to occur.
 
CFLarsen said:
I answer your questions again and again, while you evade mine constantly. And others, too.

Who owns the logo, you or me?

And who's rights take precedence in a public park - the smoker or the non-smoker?

shanek keeps avoiding that one too, although in a different thread. I guess he figures he will be more embarassed trying to answer than embarassed in avoiding the questions all together.
 
shanek said:
Since I am a nonviolent man and I do not drink, neither scenario is likely to occur.

Yet you are thinking of bringing a gun to TAM3, solely to intimidate me? You fly off in a frenzied rage, if people disagree with you, or prove you wrong?

You find that "nonviolent"? I'd hate to think what you are going to do, when you are violent.
 
CFLarsen said:
Yet you are thinking of bringing a gun to TAM3,

Blah blah blah. Carrying a gun is not an act of violence. The rest of the post is just your typical personal abuse that you always resort to.
 
shanek said:
Since I am a nonviolent man and I do not drink,
neither scenario is likely to occur.
Hm. The implications of this means that you cannot tell anything about
a posters personality from their posts. For all we know some of the more
pleasant posters might very well turn out to be homicidal maniacs.

Still, I want details and photos when you two meet.

P.S. Watch out for his sister - Line Larsen
She’ll pin you to the mat faster than you can say,
“pneumonoultramicroscopicsilicovolcanoconiosis.”
 
Synchronicity said:
Hm. The implications of this means that you cannot tell anything about a posters personality from their posts.

Precisely why I never make assumptions.

P.S. Watch out for his sister - Line Larsen She’ll pin you to the mat faster than you can say, “pneumonoultramicroscopicsilicovolcanoconiosis.”

And from the looks of her, I wouldn't mind a bit! ;)
 
shanek said:
Blah blah blah. Carrying a gun is not an act of violence. The rest of the post is just your typical personal abuse that you always resort to.

You forgot the intimidation part. As usual, you leave out the crucial parts.
 
shanek said:
It is logically impossible to have sunk costs on startup. Please learn what you are talking about before you go mouthing off.
BS, starting almost any buisness requires an investement an in fx, a factory, if that factory cannot be resold then that's a sunk cost.


shanek said:
Uh, no, it's not. A couble of helpfull tips for you: When trying to prove that there is no such thing as a competitive equilibrium you shouldn't link to a page whose title is competitive market equilibrium and when trying to prove that competitive equilibrium is the same as market equilibrium you don't want to link to a page that specifically says:

"It [competitive market equilibrium] relies crucially on the assumption of a competitive environment where buyers and sellers take the terms of trade (prices) as a given parameter of the exchange environment. Basically, each trader decides upon a quantity that is such small compared to the total quantity traded in the market that their individual transactions have no influence on the prices."

And: " this rather narrow concept of economic equilibrium is inappropriate in many situations, such as oligopolostic market structures, public goods and externalities, collusion, or markets with price rigidities"

And: "However, complete information on prices and on the characteristic of the commodities is necessary to retain the efficiency features of free price formation in competitive markets"

And: "If markets are 'thin', traders have market power, and the competitive paradigm does no longer apply."

ALso it's generally a bad idea to first insist that there is no such thing as a competitive equilibrium and then flat out contradict yourself by insisting that a competitive equilibrium is the same as a market equilibrium.

All in all this makes you look rather stupid and you properbly don't want to advertise that fact.

shanek said:
When did you ask a question that didn't make bogus economic assumptions?
I haven't made any assumptions that aren't part of standard economic theory. It's not my fault you don't understand economy.

shanek said:
Because it's nothing more than desperate whining. Unless, of course, you can explain how the pencil supports your assertions.
The pencil is a pathetic rebutal to a ridicilous straw man, which is one of the points I make. Now adress the points.

me said:
http://dictionary.reference.com/search?q=common sense
"common sense
n.

Sound judgment not based on specialized knowledge; native good judgment."

Not all skepticism must be based on specialized knowledge. Or perhaps it is sound judgement that you opose - that would explain sooooo much.



me said:
Thanks for killing the big nasty straw man, I feel much safer now. Having perfomed this heroic deed, would you mind answering my question instead of quoting me out of context?





me said:
Having looked forward in the thread I see that you apparently claim that anybody who argues against you, thinks that your inability to provide plausible solutions to problems we raise with libertarianism, proves that no solutions exist. The pencil does indeed slay this mighty straw man.
 
CFLarsen said:
Aren't you assuming that Libertarian politics work?
[Shanek]
I'm not assuming anything, THE PENCIL PROVES IT!!!!!!!!!!!!!!!!!!!!!!!

P.S. LIAR!!!!!!!!!!!!!!!!!!!!
[/Shanek]
 

Back
Top Bottom