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would anyone like to debate economics with me

DanT
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7/1/2013 10:04:43 AM
Posted: 3 years ago
At 7/1/2013 4:37:52 AM, ZakYoungTheLibertarian wrote:
Over google hangouts. Will be broad cast on youtube.

sure
"Chemical weapons are no different than any other types of weapons."~Lordknukle
DanT
Posts: 5,693
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7/1/2013 4:44:34 PM
Posted: 3 years ago
At 7/1/2013 1:05:32 PM, ZakYoungTheLibertarian wrote:
Fantastic. Is there any particular subject you'd like to debate? And when?

Depends. What are your stances on the following subjects;

Gold Standard vs Fiat Money
Global Currency
Free Trade vs Protectionism
Keynesian Economics vs Free Market
Socialism vs Capitalism
Minimum Wage vs Equilibrium Wage
Prohibition vs Free Market
"Chemical weapons are no different than any other types of weapons."~Lordknukle
ZakYoungTheLibertarian
Posts: 253
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7/1/2013 4:48:19 PM
Posted: 3 years ago
gold standard
generally opposed but would like to see the specifics before i say for sure
unilateral unconditional surrender in the trade wars (i.e. unilateral free trade)
free market
capitalism
no minimum wage... no idea what equillibrium wage is supposed to be in reference too, wages are determined by the upper bound of the workers contribution to the production process (their MRVP or marginal revenue value product) and the lower bound being how competitive the market is, i.e. the more competitive the higher wages will be towards the MRVP
i oppose most prohibitions (i.e. i'm in favour of ending drug war)
DanT
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7/1/2013 8:17:47 PM
Posted: 3 years ago
At 7/1/2013 4:48:19 PM, ZakYoungTheLibertarian wrote:
gold standard
generally opposed but would like to see the specifics before i say for sure
I am also opposed to the gold standard
unilateral unconditional surrender in the trade wars (i.e. unilateral free trade)
Free trade is when there is no discrimination in trade.
free market
capitalism
no minimum wage...
So we basicly agree on all these points.
no idea what equillibrium wage is supposed to be in reference too,

When Ld = Ls the wage is at equilibrium

wages are determined by the upper bound of the workers contribution to the production process (their MRVP or marginal revenue value product) and the lower bound being how competitive the market is, i.e. the more competitive the higher wages will be towards the MRVP

The Labor Supply (workers) is a negative function, while the Labor Demand (employer) is a positive function. Competition among workers push wages down, while competition among employers push wages up.

The Labor Supply = the Marginal Utility of Leisure / the Marginal Utility of Income
The Labor Demand = the Price x the Marginal Production of Labor.

The Marginal Production of Labor = Change in Income / Change in Labor.

i oppose most prohibitions (i.e. i'm in favour of ending drug war)

As do I
"Chemical weapons are no different than any other types of weapons."~Lordknukle
ZakYoungTheLibertarian
Posts: 253
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7/2/2013 2:56:04 AM
Posted: 3 years ago
I am in favour of the gold standard. Perhaps a debate on monetary policy?
Free trade means 'free from state intervention'. It has nothing to do with discrimination. The opposite of free trade is not trade that is highly discriminatory (if such a condition even exists anywhere in the world) but tariffs and quotas, i.e. government intervention in the market.
Yes I understand what equilibrium means but I don't see how this is in contrast with a minimum wage. Anyway there is little point in considering the model of the evenly rotating economy since it does not reflect reality. The world is always in flux.
DanT
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7/2/2013 7:47:42 AM
Posted: 3 years ago
At 7/2/2013 2:56:04 AM, ZakYoungTheLibertarian wrote:
I am in favour of the gold standard. Perhaps a debate on monetary policy?
Sure
Free trade means 'free from state intervention'. It has nothing to do with discrimination.
A distinction without a difference. The market cannot discriminate without state intervention.
(n) discrimination, favoritism, favouritism (unfair treatment of a person or group on the basis of prejudice)
http://wordnetweb.princeton.edu...
The opposite of free trade is not trade that is highly discriminatory (if such a condition even exists anywhere in the world)
If there is a specified MFN than there is a discriminatory trade agreement.
but tariffs and quotas, i.e. government intervention in the market.
Such policies cause trade discrimination; such as a tariff on importing Chinese tires.

Yes I understand what equilibrium means but I don't see how this is in contrast with a minimum wage. Anyway there is little point in considering the model of the evenly rotating economy since it does not reflect reality. The world is always in flux.
A minimum wage is not at equilibrium. If it was, there would be no need to implement a minimum wage.
"Chemical weapons are no different than any other types of weapons."~Lordknukle
ZakYoungTheLibertarian
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7/2/2013 11:36:47 AM
Posted: 3 years ago
There is absolutely no point in talking about 'equilibrium' wages; labour is as heterogenous as it gets. Anyway what day / time is best for you? I propose we use google hangouts, all you need is a google plus account. It's very convenient.

Feel free to add me on google plus :

https://plus.google.com...

(and that goes for anyone who wants to debate on economics or politics)
DanT
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7/2/2013 3:27:59 PM
Posted: 3 years ago
At 7/2/2013 11:36:47 AM, ZakYoungTheLibertarian wrote:
There is absolutely no point in talking about 'equilibrium' wages; labour is as heterogenous as it gets.

Wages is the price of labor, just as interest is the price of money. Labor is a service provided to the employer, which is why the employer is the demand for labor and the worker is the supplier of labor.

Labor Supply = Marginal Utility of Leisure / Marginal Utility of Income.
Labor Demand = Price x Marginal Product of Labor.

The Marginal Product of Labor = either change in the aggregate output / change in the quantity of labor or the Wage / Marginal Cost; because the wage / the Marginal Product of Labor = the Marginal Cost.

BTW are you British? I noticed you spelled labor with a ou instead of o. In America that is an archaic spelling, but I know the British still spell it that way.

Anyway what day / time is best for you? I propose we use google hangouts, all you need is a google plus account. It's very convenient.

How about today, just pick a time and I will be free. I just got home and I'm not planning to go back out. I'm already dressed nice, so I'm ready for the camera.
Feel free to add me on google plus :

https://plus.google.com...

(and that goes for anyone who wants to debate on economics or politics)

OK
"Chemical weapons are no different than any other types of weapons."~Lordknukle
DanT
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7/2/2013 11:32:41 PM
Posted: 3 years ago
I'm good any time tomorrow after 10am -5 GMT (east coast US).

Unless you want to start the debate tonight before 1 am. By which I mean start the debate before 1 am. I will go to bed at 1 am, unless you wish to start the debate at 1 am, in which case I will wait to go to bed.
"Chemical weapons are no different than any other types of weapons."~Lordknukle
ZakYoungTheLibertarian
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7/3/2013 6:29:25 AM
Posted: 3 years ago
Interest isn't the price of money. The price of money would be expressed in various goods. Interest is a reflection of risk and time preference. Have you added me on google? Assuming you're fine with that venue (google hangouts). I have an erratic sleep schedule but I am self employed so during the 16 or so hours that I'm awake every day I'm fairly flexible with a little advance notice. I just ended up crashing for what feels like 14 hrs so I guess I had some sleep deficit to catch up on.
DanT
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7/3/2013 9:21:08 AM
Posted: 3 years ago
At 7/3/2013 6:29:25 AM, ZakYoungTheLibertarian wrote:
Interest isn't the price of money. The price of money would be expressed in various goods. Interest is a reflection of risk and time preference. Have you added me on google?
Yes
Assuming you're fine with that venue (google hangouts). I have an erratic sleep schedule but I am self employed so during the 16 or so hours that I'm awake every day I'm fairly flexible with a little advance notice. I just ended up crashing for what feels like 14 hrs so I guess I had some sleep deficit to catch up on.

OK I'm going to empty the dishwasher and some breakfast. If you log into google plus I will send you a message when I'm ready.
"Chemical weapons are no different than any other types of weapons."~Lordknukle
DanT
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7/3/2013 10:01:28 AM
Posted: 3 years ago
ready when you are. It says you are not logged into google plus
"Chemical weapons are no different than any other types of weapons."~Lordknukle
ZakYoungTheLibertarian
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7/3/2013 10:05:18 AM
Posted: 3 years ago
shuold be good to go now i closed utorrent. where i was of course making nothing but legal downloads of public domain material
Wallstreetatheist
Posts: 7,132
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7/4/2013 10:38:44 AM
Posted: 3 years ago
Do you believe in socialized police, courts (law), and/or national defense? What about fire departments and hospitals?
DRUG HARM: http://imgur.com...
Primal Diet. Lifting. Reading. Psychedelics. Cold-Approach Pickup. Music.
ZakYoungTheLibertarian
Posts: 253
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7/4/2013 12:34:37 PM
Posted: 3 years ago
Nope. I am a free market absolutist. See Gustav Molineri's the private production of law, rothbard's ethics of liberty for an explanation of a libertarian (i.e. totally free market) legal system. Incidentally I do believe in 'one law' but it would be implemented by private police / vigilantees and competing court systems.
shenjie
Posts: 17
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7/5/2013 12:48:21 AM
Posted: 3 years ago
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DanT
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7/12/2013 3:20:58 PM
Posted: 3 years ago
At 7/12/2013 2:08:18 PM, ZakYoungTheLibertarian wrote:
would anyone else like to participate in a real time video debate?

I would.
"Chemical weapons are no different than any other types of weapons."~Lordknukle
ZakYoungTheLibertarian
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7/12/2013 3:35:45 PM
Posted: 3 years ago
also i was thinking for our next debate we could first read an article or two and then discuss them... maybe from the economist or another news site. what do you think of this idea to give some basis to the discussion?
DanT
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7/12/2013 4:11:00 PM
Posted: 3 years ago
At 7/12/2013 3:35:45 PM, ZakYoungTheLibertarian wrote:
also i was thinking for our next debate we could first read an article or two and then discuss them... maybe from the economist or another news site. what do you think of this idea to give some basis to the discussion?

Do you have any in mind?

Weren't we going to debate the merits of Anarcho-Capitalism vs Classic Liberalism?
"Chemical weapons are no different than any other types of weapons."~Lordknukle
DanT
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7/12/2013 8:36:24 PM
Posted: 3 years ago
At 7/12/2013 7:28:54 PM, ZakYoungTheLibertarian wrote:
https://www.youtube.com...

here is our debate. be warned it's two and a half hours. who won?

I posted it in the politics section.
http://www.debate.org...
"Chemical weapons are no different than any other types of weapons."~Lordknukle
DanT
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7/13/2013 3:26:31 PM
Posted: 3 years ago
would you like to re-debate the gold standard?
"Chemical weapons are no different than any other types of weapons."~Lordknukle