Re: Rv: Re: [OPE] Trichet on risk

Yes Jerry, but cero gambling conduct is not good either.   From the arrival of Cristobal Colon to America (discounting the systematic domination of native people), to the invention of Linux within an incentive framework that departs bravely and radically from market economy (this doesn’t say anything about its feasibility in a larger scale), taking risks brings good things about.   Regards,A. Agafonow ________________________________ De: GERALD LEVY <gerald_a_levy@msn.com> Para: Outline on Political Economy mailing list <ope@lists.csuchico.edu> Enviado: jueves, 13 de noviembre, 2008 22:30:24 Asunto: RE: Rv: Re: [OPE] Trichet on risk > The goal of this overpriced unit of risk is to overcome the gambling > conduct that we have witnessed and the consequent massive defaults.   Hi Alejandro:   Gambling (risk-taking) is inherent in the commodity-form. The most that one can do is to take actions which are believed ex ante to reduce the risk.  If you want to "overcome gambling conduct", you have to overcome the market.   In solidarity, Jerry

_______________________________________________
ope mailing list
ope@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/ope
Received on Thu Nov 13 17:03:42 2008