"I may be wrong and you may be right, and by an effort, we may get nearer to the truth." (Karl Popper)

Monday, February 13, 2006

The Fallacy of Asymmetric Idealization

Will Wilkinson (Feb. 4th) has a fancy name for what I was warning against last week. He calls it "the Fallacy of Asymmetric Idealization". This fallacy is committed in either of two ways: by comparing a perfectly competitive market and the (presumptively relatively inefficient) state; and, conversely by comparing a non-ideal market and a Panglossian government

His blog and the piece in question are interesting - worth a look.


Anonymous copernicus said...

There's no such thing as perfect competition. Ask your nearest fifth year.

Tue Feb 14, 10:55:00 PM GMT  

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