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                                      April 29, 2001
                              Rev: November 12, 2004


                                                 The difficulty: a
                                                 lack of a good means
smaller ~ better                                 of evaluating the
                                                 experiments and acting
reduces risks of                                 on them.
experiments, fads
                                   Governments,
                                   too, run small,
Possibly, this is                  "experimental"
a superiority of                   programs.
the market over
government              Is it possible to have
bureaucracy.            micro-bureaucracies?

  But then, the market too,
  has it's problems with       The pro-market claim is
  fads and bubbles.            just that the restoring
                               force to correct for
                               these manias works
                               best on the "market" side.

  Why don't libertarians
  call for reducing                             "There is nothing
  the size of the firm?                          more permanent
                                                 than a temporary
  Eliminate tax advantages                       government program."
  of being large, etc.
                                                     -- Milton Friedman
  You read very little in the
  libertarian press about
  "corporate welfare".


Individuals can't be trusted much       MADNESS

Large government organizations
can't be trusted much

But *some* organizations,
communities, companies,
work better than either.

What are their characteristics?


If individuals are best left to
make their own choices, it's not
because they're particularly good
at it, but because all other
known agencies are worse.


    Which suggests that
    there might be still     Some methods of
    some other way that      improving either        PENGUIN_FIRM
    would work better.       domain: "market"
                             or "government".






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