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The Case Against Markets

Wednesday, October 03, 2012

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By Robin Hahnel

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The Case Against Markets

Professor emeritus Robin Hahnel speaking at University of Helsinki (11th September, 2012) about some of the structural problems of market systems. The talk was organized by Parecon Finland and The University of Helsinki, Department of Political and Economic Studies.

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Perfect knowledge

By Howard, Stephen at Oct 04, 2012 22:17 PM

Leaving aside the irony of presenting this lecture in Helsinki when Finland is one of the more demander of austerity for those southern EU members, Robin didn't touch on perfect knowledge.

As Steve Keen says when purchasing a consumer is making a guess about how much pleasure (utility?) he/she will gain from consuming the purchase in the future. In other words they are making a guess about the future and if we assuming perfect knowledge about the future we are assuming we are all gods. Any other who claims perfect knowledge about the future is either mad or a fraud.