The Logic Off Topic list

<koolmusick@...>wrote:

[snip]

>One thing is certain though. If anybody wants to set up a new economic
>order then they are going to have to come up with a better predictive and
>economic model than Smith's because whatever may be its faults the Adam
>Smith model allows governments to make plans and bring about results. As
>the Communists found out to their cost, governments that cannot deliver on
>the promises they make are in the end in serious trouble. But ... for as
>long as Western governments can deliver results on the promises that they
>make (and what they always promise is that those who believe in the system
>they propagate will be better off tomorrow than they are today) then for so
>long will they have a method for making sure that the system continues in
>existence and that others also want to copy it. It is likely that the Smith
>model will only break down for one of two reasons: (a) a better model comes
>along; and (b) consumers indicate that the premise of uncertain knowledge
>is no longer an acceptable way of doing business and conducting economic
>affairs.
>
>We seem to be living in such an age.
>

Thanks for taking the time and effort to write this.

S.