[FoRK] The bee sting theory of poverty

Jeff Bone jbone at place.org
Mon Jun 28 18:58:38 PDT 2010

On Jun 28, 2010, at 20:21, "Stephen D. Williams" <sdw at lig.net> wrote:

> On 6/28/10 10:25 AM, Jeff Bone wrote:
>> I've mentioned Karelis' book before in conjunction with the  
>> assertion that it's easy to demonstrate the fallacy of diminishing  
>> marginal utility and to illustrate the existence of *different  
>> kinds of utility.*  It appears that this somewhat fringe little  
>> book is gaining some popular attention.
>>   http://www.boston.com/bostonglobe/ideas/articles/2008/03/30/the_sting_of_poverty/?page=full
>> I just hope that folks see the flaw;  Karelis fails to connect his  
>> premises and intermediate conclusions, with which I agree with  
>> completely and find beautiful and elegant (even if he is even less  
>> quantitative than Keynes)
> Which do you agree with completely?

Old post, go fish.

>> with his ultimate conclusions apropos policy implications, with  
>> which I almost completely disagree.
> The conclusion that people need a baseline of living conditions to  
> get in a rational and productive frame of mind seems reasonable.

Until you start attempting to define baseline or come up with  
practical mechanisms, then it becomes nonsense.


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