Monday, 16 March 2009

Pathology of the hampered market

Here’s a simple recipe:

  1. Take a free market.
  2. Add politicians, bureaucrats and rent-seekers, and then stir.
  3. Leave to bake for decades, and voila!  What you have is this:

Hicks-MixedEconomyMess

It’s what Stephen Hicks, the academic who drew it up, calls it “The Sociology of Dysfunctional Nonstandard Political-Economic Systems” – or in simpler terms, “How We Got Into This Friggin’ Mess.”

Visit Stephen’s site to download your own copy, or for an even longer version, with even more details.

(Public Choice theorists, like new blogger Eric Crampton, will love it.)

1 comment:

  1. Speaking of errors in pathology the Greens apokesthing on Health is again promoting fear.

    3400% Increase in New Superbug
    http://www.scoop.co.nz/stories/PA0903/S00227.htm

    As we know what the cause is like John Snow the solution is as simple as removing the handle of the Broad street pump.

    http://en.wikipedia.org/wiki/John_Snow_(physician)

    Abstract

    The objective of this study was to determine the contamination rate of the healthcare workers' (HCWs') mobile phones and hands in operating room and ICU. Microorganisms from HCWs' hands could be transferred to the surfaces of the mobile phones during their use.

    http://www.ann-clinmicrob.com/content/8/1/7

    Cost to Government and DHB of Private health initiative and curbing "epidemic" increase. no charge

    Maksimovich

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