SilasBarta comments on Rationality Quotes - July 2009 - Less Wrong

5 Post author: SilasBarta 02 July 2009 06:35PM

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Comment author: SilasBarta 02 July 2009 08:39:51PM *  12 points [-]

"An economic transaction is a solved political problem."

--Abba Lerner

Comment author: RobinHanson 04 July 2009 07:59:09PM 3 points [-]

Some say a political transaction is a solved economic problem, that politics is about finding and fixing market failures. If there can be market failures, then economic transactions can create political problems that need to be solved.

Comment author: JGWeissman 04 July 2009 08:16:28PM 0 points [-]

A lot of political transactions that I observe create economic problems.