By Anshumana And Kalay

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Extra resources for Can Splits Create Market Liquidity - Theory And Evidence

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The experiences gained here are brought into the life of the association by the individuals. Valid social judgements from which to derive social actions can emerge only from the concerted effect of these contributions when they are brought together to create social reality. - Rule of functionaries is prevented by the principle of experience.. Only persons who actively and responsibly take part in economic life will have a say. - Through associations, the principle of competition will be transformed into cooperation in solidarity, with incalculable synergy effects.

When experience is again esteemed, its bearers will be esteemed as well. Ultimately, no one’s experience is replaceable, precisely because it is truly individual. Especially in an age of steadily improving electronic data processing, the re-instatement of experience must be a central task, in order to counterbalance sheer technical feasibility - but it needs to take counsel from a free cultural life that does not neglect the spiritual depths of the world. Naturally the work of the associations would largely repeal the principle of competition; for the market economist, this would seem equivalent to the end of economic and technological progress, and the beginning of ruin.

Now the real societal interest can unfold: it is not the outsmarting of others at all, it is the best possible way of implementing a needed service. However, associative processes of this kind can develop only if none of the partners claim privileges from outside the economic field. This is precisely what is wrong with today’s private ownership of the means of production, including capital and land property. , the means of production become “unsaleable”, can societal conditions take shape in which the rights of the entrepreneur are not derived from ownership but solely from his entrepreneurial function.

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Can Splits Create Market Liquidity - Theory And Evidence by Anshumana And Kalay

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