View single post by Joe Kelley
 Posted: Tue Jun 23rd, 2009 12:12 pm
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Joe Kelley

 

Joined: Mon Nov 21st, 2005
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Wired Editor-in-Chief Chris Anderson on the Future of Free

Not so fast dude. Please, dear reader, consider the following quote from the link above and then please consider learning from history so as not to repeat the major errors. I'll explain after the quote:

Back in the late 1800s there was some theorizing…this was at the dawn of economics.

Economics, dear reader, began with human thought. What the speaker above is referring to is "capitalism", and you can hear how his error is confessed as you listen to the speech.

When a person considers waking up or staying in bed, a modern bed or a bed made of animal fur in the Stone Age, the economy of the decision is thought out by the human being.

I’m concerned about placing credit where credit is due, and I ‘m concerned about accurate transfers of data. Please know that the speaker, although his message is full of accurate data, please know that he is mistaking the social science of economy with “capitalism”.  

Capitalism is the management of scarcity and capitalism is a pricing scheme where the price is purposefully “pegged” at “that which the market will bear”, so please, dear reader, do not make the same mistake as the speaker. Please don’t perpetuation this myth. 

Economy is not “capitalism”.  Capitalism is not economy.

Here are two economic studies that pre-date “the dawn of economics”, and the first is more than merely talk, as the inventor of this earlier economic study also proved his “theory” with real time experimentation.  

http://tmh.floonet.net/pdf/jwarren.pdf 

That is Equitable Commerce by Josiah Warren  

The date of that publication is 1952. Josiah Warren describes the inherent stupidity of the capitalist pricing scheme, as a short term small gain for a few “capitalist” at the expense of a larger long term loss for everyone including the few “capitalists”.  

Words are not deeds, and again Josiah Warren proved his “theory” on economy with deeds.  

Next up is a proponent of Josiah Warren’s economic study and practices where Stephen Pearl Andrews re-writes and expands upon “Equitable Commerce” with his version called: “The Science of Society”. 

http://anarchism.net/scienceofsociety.htm 

So, for the record, the economic study that has dawned in the late 1800s was and continues to be “Capitalism” which is a failed economic model of “choice under scarcity” where the pricing choice is to price based upon “that which the market will bear”.  

That is and was “capitalism”. 
  1. “Choice under scarcity”
  2. Price based upon “that which the market will bear”.
If the reader takes the time to read either or both “Equitable Commerce” and “The Science of Society” the reader will discover an alternative to “Capitalism” and that alternative not only pre-dates formal “Capitalism” it (Equitable Commerce) describes the modern social and economic model being described by the speaker (Chris Anderson). 


Please do not follow the model of mistaken identity where the “founders” of economics are falsely identified as those early capitalists like Carl Menger who wrote this: 

“every individual will attempt to secure his own requirements as completely as possible to the exclusion of others.” Carl Menger (1840 -1921) 

I like this better:

"Responsibility must be Individual, or there is no responsibility at all."  Josiah Warren (1852)

This is also worth considering: 

"Beware of false knowledge; it is more dangerous than ignorance."
George Bernard Shaw

 

Last edited on Tue Jun 23rd, 2009 12:15 pm by Joe Kelley