Difference between revisions of "Musical Chairs Theory Of Economic Justice"
From Critiques Of Libertarianism
(Created page with "Musical chairs is a children's game that has many lessons about economics. First, the payoff system in musical chairs is winner takes all. This is an important real world model...") |
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In the real world, we prohibit certain wasteful, non-productive competitions. Competition for property through theft and violence, for example. In various religious communities, competition for status through conspicuous consumption is prohibited by requirements for plain dress. Etc. | In the real world, we prohibit certain wasteful, non-productive competitions. Competition for property through theft and violence, for example. In various religious communities, competition for status through conspicuous consumption is prohibited by requirements for plain dress. Etc. | ||
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| + | No matter how loudly Horatio Alger is invoked, there still will be only one | ||
| + | winner of a game of musical chairs, and many losers. | ||
| + | Likewise, no matter how responsably the players attempt to act, only one will | ||
| + | finish in a chair. | ||
