Test Entry
testing with different (past) time.
Howard Schultz: Pour Your Heart into It : How Starbucks Built a Company One Cup at a Time
Peter Lynch: One Up On Wall Street : How To Use What You Already Know To Make Money In The Market
Robert G. Hagstrom: The Warren Buffett Way, : Investment Strategies of the World's Greatest Investor
Benjamin Graham: Security Analysis: The Classic 1934 Edition
Benjamin Graham: The Intelligent Investor: The Classic Bestseller on Value Investing
Philip A. Fisher: Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classic)

Rate Me on BlogHop.com!
help?


« November 2004 | Main | January 2005 »
testing with different (past) time.
Somebody rightly pointed out that owner of a mall cannot be held responsible if one if the tentant engages in unauthorized and illegal transaction. If not, by that standard, since Govt. itself is responsible for law and order if any illegal act happens in their jurisdiction police themselves should be arrested.
Sadly, this is really going to hurt India's image.
So, we decided to note down the model number and price for the camers that we liked. Fortunately, we had our camera-phone with us (Nokia 3650). So, we simply snapped up the price tag of the cameras. Just when I had started thinking that camera-phones are useless.
In contrast, when we went to WalMart to buy something else, to our surprise we found that they have a specs on all the digital cameras they sale. The specs were not as detailed as I wanted, but they were good enough to make a reasonable judgement. If a general purpose superstore chain can have specs for digital cameras, how come speciality stores like goodguys don't keep any.
Shouldn't this a no-brainer for the brick-and-mortar stores? And how come they don't get the specs from the manufacturers? If people are supposed to come prepared with all the specs, wouldn't they come to brick-and-mortar stores to the feel for the products and go back and simply order from the web? If speciality electronics retailers cannot provide advise and detailed specs on electronics products then what are they good for exactly (apart from being showrooms)?
Update: See also this earlier post at AnarCapLib.
Take for example, the solar energy. What does it cost an individual to receive the solar energy? Isn't it free, then? Oh, ya I forgot! There is an opportunity cost. If you choose to have sunbath then you give up the possibility of using it for your solar cooker. But isn't that's like saying you can't have two free lunches?
I think many times people wish to say that one can choose only one alternative (isn't that's why they are called alternatives in the first place). Whether each of the alternative is free to you is immaterial. In that case, the proper phrase to use is, "You can't eat the cake and have it too!". And the cake in question could be falling freely from heaven!
The arrangement was obviously not very perfect but it was not a chaos. What was important is that I could learn the informal rules and signals on the fly without any formal training or tests before hand. All I had to do was to observe the them in practice just once or twice and I was using them right way. This surprised me completely as I had earlier believed that in order to co-operate and co-ordinate people need to learn before hand the signals and rules.
When I got introduced to the concept of spontaneous order I remembered the above incident vividly. Now chaos does not bother me as it used to be earlier. I see in chaos a possibility of not only an order emerging spontaenously but also an importantly ability to continuously adapt to the changing circumstances.
The pre-designed rules and signals acquired by the formal training method lack this very important characteristic. Not only that but pre-designed rules and signals impeded possibility of even simple changes. Since formal traffic rules have been in force in India (and elsewhere) just how many times have they been adopted or modified? Just how many times have road developers radically re-thought and re-designed roads and corresponding traffic signals, signs and rules? Or even thought it?
So, when a traffic engineer embraces chaos on roads, I think it is a welcome change.
The company ruled India for approx. 250 years chiefly for the profit of its shareholders. Who were these shareholders? What were their names? What did they feel about the atrocities inflicted on Indians under their name? How come nobody held them accountable for treatment their company meted out to Indians? Same thing goes for the Bhopal Gas tragedy. We are after Union Carbide Chairman Warren Anderson. But what about other major shareholders?
I wonder if East India Company and Union Carbide were not a joint stock companies with limited liability would they have been abled to create such a disaster? I don't hear much from liberatarians against limited liability protection granted to faceless shareholders. Lot of opposition to capitalism is pure non-sense but there is no doubt that atrocities committed by limited liability corporations are one of main reasons why such an opposition is sustained. What solution do liberatarians have for removing limited liability protection? Let's hear from them.
John Grisham: The Last Juror
(****)
Ludwig von Mises: Human Action: A Treatise on Economics
(****)
Leonard Peikoff: Objectivism: The Philosophy of Ayn Rand (The Ayn Rand Library, Volume 6)
(****)
Murray N. Rothbard: What Has Government Done to Our Money
(****)
F. A. Hayek: The Fatal Conceit : The Errors of Socialism (The Collected Works of F. A. Hayek)
(***)
Brink Lindsey: Against the Dead Hand: The Uncertain Struggle for Global Capitalism
(***)
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| 1 | ||||||
| 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 9 | 10 | 11 | 12 | 13 | 14 | 15 |
| 16 | 17 | 18 | 19 | 20 | 21 | 22 |
| 23 | 24 | 25 | 26 | 27 | 28 | 29 |
| 30 |
Recent Comments