Tag Archives: bureaucratic friction

Friction

Posted on January 1, 2015 by john

Dear Friends, It seems to me, a bearing is designed to reduce friction so the shaft it holds can rotate with as little loss as possible, adding sand and thus more friction increases loss to the point the shaft fails … Continue reading →

Posted in economy, Group Politics, Judicial Sysytem, Law, media, philosophy, polictics of class envy | Tagged bureaucratic friction, economic friction, effect of capitalism on culture, government spending, incentive, International Capitalist Party, market system, politics, pseudo science of economics, regulation, taxes, well functioning economy | Leave a comment

I Pencil and Complexity Theory

Posted on October 14, 2013 by john

Dear Friends, It seems to me, the most commonly known analogy in economics is, I Pencil. This narrative shows that the capitalist system produces things of such complexity it would be impossible for a central authority to do it. … Continue reading →

Posted in economy, Group Politics, International Power, Law, media, Mercy, philosophy, polictics of class envy | Tagged bureaucracy, bureaucratic friction, capitalism, complex economics, complexity, complexity theory, economic friction, economics, economy, education, emmigration, government, government spending, health care, i pencil, immigration, incentive, International Capitalist Party, jobs, laissez fair, let it work, market system, media, meritocracy, politicians, politics, poverty, progressive, rational maximiser, recession, redistribution, regulation, socialist, society, stimulus, unemployment | Leave a comment

Tag Archives: bureaucratic friction

Friction

I Pencil and Complexity Theory

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