[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.

jb



More information about the FoRK mailing list