Economics is not the theory of everything


	Economics is not the theory of everything

nariposa

7-2-2008 7:57 PM

228 views

tags:

economics, environment, resources, science, debate, peak oil

nariposa says:

Response to the blithe "The market will save us! La La La, I can't hear you!" responses people give to the problem of resource scarcity.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2bef2909-9e7d-44ea-9785-5913667004dc/0C3F1D0D-7EF8-459D-9052-157B47B12E5C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.slashdot.org/article.pl?sid=08/07/01/2331207" href="http://news.slashdot.org/article.pl?sid=08/07/01/2331207" style="font-size: 11px;">news.slashdot.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.slashdot.org/article.pl?sid=08/07/01/2331207"><SPAN class="escape-link"><A title="Back to Article - Supplies of Rare Earth Elements Exhausted By 2017" href="http://news.slashdot.org/article.pl?sid=08/07/01/2331207">Supplies of Rare Earth Elements Exhausted By 2017</A></SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.slashdot.org/article.pl?sid=08/07/01/2331207"><A href="http://news.slashdot.org/comments.pl?sid=601309&cid=24028347" name="comment_link_24028347" id="comment_link_24028347">Re:supply and demand - no real problem</A>
</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.slashdot.org/article.pl?sid=08/07/01/2331207">The market doesn't govern the physical universe. At all. The amounts of material and energy present on Earth are in no way related to the laws of supply and demand. The universe is indifferent to your over-applied, unfalsifiable theories.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.slashdot.org/article.pl?sid=08/07/01/2331207">Sometimes 'cheaper alternatives' just don't exist. This is why your precious markets have never got to grips with spaceflight. The markets reaction has always been "Wait till it is cheaper" on the assumption that all technology gets cheaper - ignoring the fact that there is a physical constraint on what you must do to get into orbit.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.slashdot.org/article.pl?sid=08/07/01/2331207">The fact that the price of a commodity increases when it's in short supply doesn't <I>cure</I> the shortage or make it less of a problem; it merely allocates what supplies remain to those who are willing to pay the most.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.slashdot.org/article.pl?sid=08/07/01/2331207"><P>Stop treating economics like its a theory of everything.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0C3F1D0D-7EF8-459D-9052-157B47B12E5C/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>