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Wednesday, August 3, 2005 - 5:56amSanction this postReply
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Hi Ed:

Great essay!!!!!

I think that in two thousand words you were able to explain as much (if not more) than Leland Yeager does in his fine book, Ethics as Social Cooperation: The Moral Philosophy of Social Cooperation.

Thanks!!!

Alysha




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Wednesday, August 3, 2005 - 4:08pmSanction this postReply
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Edward,
   Excellent article!!   I appreciate your pointing out the scientific, value-free basis of economics as a description of  "human action" (as it occurs in reality).  Also, that it is not a guarantee of happiness.  An economic system based on classical liberalism may not provide immunity from economic recessions/depressions, but it provides men the best means to attain their desired ends.  -Steve




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Wednesday, August 3, 2005 - 7:02pmSanction this postReply
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Steven Pilotte,

You wrote an "economic system based on classical liberalism may not provide immunity from economic recessions/depressions." Which economic system would be best for a such a period?

(Edited by Dean Michael Gores
on 8/03, 7:02pm)




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Wednesday, August 3, 2005 - 8:41pmSanction this postReply
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Dean,
    I believe laissez-faire capitalism would be the ideal system under any circumstances.  I did not mean to imply that something else would be more effective in mitigating the effects of economic contractions.  I did imply though, that economic contractions are a natural consequence of human action (which some may say is debatable).   -Steve 




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