bgrah449 comments on Hayekian Prediction Markets? - Less Wrong

9 Post author: David_J_Balan 15 February 2010 11:50PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (79)

You are viewing a single comment's thread. Show more comments above.

Comment author: bgrah449 17 February 2010 10:18:23PM 1 point [-]

taw's question-wrapped-in-barbed wire is how you keep wealth level despite killing people, since presumably those people were adding to the economy by both producing and consuming goods.

Comment author: thomblake 17 February 2010 10:21:53PM *  0 points [-]

That is a good question, but I don't see it in taw's comment, even between the lines. taw seemed to think someone was implying that the economy would actually get better by killing poor people, thus the reference to Malthus.

I could easily contrive a scenario where one kills 20 million people without significantly decreasing wealth, and I noted that I don't know whether this was such a case. Note CarlShulman's observation below.