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> You're arguing that we should only spend so as to maximize utility, but utility is subjective and that's why we value markets over individuals. Um. I'm proba
by philh 12y ago
> You're arguing that we should only spend so as to maximize utility, but utility is subjective and that's why we value markets over individuals.
Um. I'm probably misinterpreting you, but it sounds like you're suggesting that we should force people to buy things they don't want or need in order to make the market healthy?
If you are saying that, I strongly disagree. Both causally (I don't think that will make the market healthy) and normatively (even if it did, I would need a lot of convincing to advocate that).
If you're not, could you clarify?
> for which the demand would not otherwise exist if the same money had been spent on the repair of a broken window.
Or if the money had been spent on any window.
By "there is no need for a window", I meant "nobody cares if there's a window there". In both situations, money transfers from the shopkeeper to the glazier, the glazier does some glazing, and the shopkeeper ends up no better off than before.