?

Log in

No account? Create an account

Previous Entry | Next Entry

Something has clicked

Something has just clicked in my head and economics has suddenly become fascinating.

So much of it revolves around this central question: is it possible to maximize the interests of a group while still preserving the rights of the individual?

Tags:

Comments

fraterseraphino
Apr. 10th, 2006 09:25 pm (UTC)
It may not be possible to achieve a state which maximizes the group's interests (assuming those (a) could be defined, and (b) could be measured) and independently and simulatneously maximizes individual freedom. After all, a prohibition against murder may help improve security and safety--but it does restrict one possible individual action.

On the other hand, if you measure both individual rights and group interests, do local "maximia" exist where both group interests and individual interests are relatively maximized? Part of the question, of course, depends on to what degree "group interests" (again, assuming they can be defined and measured) is placed over or under "individual interests" (which, while nebulous, are at least intuitively easier to define).


Economics makes all of this a far more interesting question to analyze because, in large part, economics provides us a whole host of tools to measure individual interactions. And a group is really nothing more than the interactions of a whole bunch of individuals. In a way, economics allows us to put the whole question of "how can we achieve a relative maximization of group interests and individual freedoms" under a very big microscope.
litch
Apr. 13th, 2006 02:32 am (UTC)
which is pretty much what john nash won the nobel prize for

Profile

firesea: self-portrait
jnanacandra
Heather Keith Freeman
Fire Sea Studios

Latest Month

October 2012
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28293031   

Tags

Powered by LiveJournal.com
Designed by Naoto Kishi