On Mar 17, 2009 6:56am, Markus Mottl <markus.mottl@gmail.com> wrote:
> As someone else here has already suggested, I encourage everyone that
> wishes to learn more about different models of economy to pick up any
> reputable, introductory textbook on microeconomics. It will teach you
> that markets, by and large, work well, that they can sometimes fail,
> can also fail systematically in certain areas, and that it is
> extremely hard to find good solutions for the latter that do not cause
> more problems than they solve. Ideological quick fixes do not exist,
> just as the optimal type sytem doesn't so no more flames please...

well said.

For those of you ignorant of the basics, i recommend:

Basic Economics: A Citizen's Guide to the Economy
by Thomas Sowell.
http://www.amazon.com/exec/obidos/ASIN/0465002609/

I read the first edition in the dot come age circa 2000, alone with other  
books that helped me understand stocks and related financial things. I've  
read Thomas's book 2 more times in the early 2000s.

Xah
∑ http://xahlee.org/

☄