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  • Re: Consequential damages

    [quote]What is libertarian theory's view of consequential damages? I break your car while you were on your way to an important meeting. I owe you the cost of the car repairs plus whatever you lost in your business because you didn't make it to the meeting.[/quote] I think there's roughly two views among NAP libertarians on this. The first
    Posted to Political Theory (Forum) by mikachusetts on Wed, Oct 24 2012
  • Re: Disappointing David Gordon daily

    [quote]So, why shouldn't I steal the book (while encouraging the masses not to steal)? What principle on the individual level should prevent me?[/quote] I think the big issue with this question, and a roadblock in a lot of these threads about morality, is that its framed as if its looking for one answer, but it's really searching for something
    Posted to General (Forum) by mikachusetts on Fri, Oct 19 2012
  • Re: Subjective Value Theory

    Fephisto, The law of diminishing marginal utility doesn't require either form of ordinal preference ranking that you're talking about. All it says is that each additional unit of a good will be used to satisfy a less urgent end -- whether that end is B or A or C or X shouldn't matter.
    Posted to Economics Questions (Forum) by mikachusetts on Fri, Oct 19 2012
  • Re: "There's no profit in a Cure."

    [quote]How much is being subsidized into rare diseases, anyway? [/quote] The Orpan Drug Act was passed in 1983. Although wikipedia doesn't say how many dollars went into orphan drug research that wouldn't have been spent that way otherwise, it does give us some idea of its effectiveness: [quote]Before Congress enacted the ODA in 1983 only 38
    Posted to Economics Questions (Forum) by mikachusetts on Fri, Oct 19 2012
  • Re: "There's no profit in a Cure."

    Those who benefit from subsidized research in rare diseases.
    Posted to Economics Questions (Forum) by mikachusetts on Fri, Oct 19 2012
  • Re: "There's no profit in a Cure."

    [quote]How many people would die from those funds not being used where they would originally be used?[/quote] Well, its unlikely that any would die from say, a 1% tax used to fund drug research (not that I'm advocating this). The point is, while most people would be better off under a free market in health care, some would be much worse. In some
    Posted to Economics Questions (Forum) by mikachusetts on Fri, Oct 19 2012
  • Re: "There's no profit in a Cure."

    [quote]The only argument that can be made is that only one entity discovered the cure, and hid it from everyone. This is of course highly unlikely, since competitors wouldn't be far behind in finding that cure themselves, and that sort of information would be tough to keep secret.[/quote] I think the stronger argument would be that pharmaceutical
    Posted to Economics Questions (Forum) by mikachusetts on Fri, Oct 19 2012
  • Re: Why I am no longer a socialist

    [quote user="stsoc"]no power ineqality (which means no hierarchy and no economic ineqality, but the latter is achieved by the former)[/quote] Maybe I misunderstand what constitutes economic inequality, but I just don't see how this is a true statement. Imagine you and I both start out with the same amount of resources, with equal freedom
    Posted to Economics Questions (Forum) by mikachusetts on Thu, Oct 18 2012
  • Re: Nap as (single) universal Ethic

    [quote user="gotlucky"]Here is the first problem. If we truly share the same end exactly , then the only reason we can disagree about the means is if we have differences in knowledge. If we had the same knowledge and the same end, then we would have the same means.[/quote] More or less, I agree with this. [quote]You have not defined what it
    Posted to Political Theory (Forum) by mikachusetts on Wed, Oct 17 2012
  • Re: Nap as (single) universal Ethic

    [quote]Put most simply, if someone just says, "You are wrong. Values, ethics, and morals are subjective, so it cannot be said that it is wrong to coerce you. You can only say that to you it is wrong to do so. I don't think it is. Therefore, when I try to coerce you, you have no more right to stop me than I do to coerce you." How can you
    Posted to Political Theory (Forum) by mikachusetts on Wed, Oct 17 2012
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