Difference between revisions of "Musical Chairs Theory Of Economic Justice"

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Musical chairs is a children's game that has many lessons about economics.
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Musical chairs is a children's game that has many lessons about economic justice.
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Libertarian ideas about economic justice are simple: what you get, you keep.  That sounds good until you think about how it is determined what you get.
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Libertarian economic justice has no problem with the game of musical chairs.  The winner "obviously" earns that final seat through competition following the rules of the game.  The losers also deserve their losses according to the rules of the game.
  
 
First, the payoff system in musical chairs is winner takes all.  This is an important real world model, that children should learn about.  But the converse lesson is that there are many losers and only one chair is left of the original number.  A game designed to have more winners or no complete losers might be less exciting, but a better outcome.  For example, a winner might get to sit across two seats, and a two losers would share one set.  Nobody is "out", and no chairs are removed.
 
First, the payoff system in musical chairs is winner takes all.  This is an important real world model, that children should learn about.  But the converse lesson is that there are many losers and only one chair is left of the original number.  A game designed to have more winners or no complete losers might be less exciting, but a better outcome.  For example, a winner might get to sit across two seats, and a two losers would share one set.  Nobody is "out", and no chairs are removed.

Revision as of 11:57, 23 March 2014