EVE Corporation - Page 1881

Imagine people arguing over the definition of entropy. And then someone jumps into the discussion to say that string theory is complete crock. That is what is happening here.

This whole discussion started when someone tried to justify the prices of drugs using moral arguments. I pointed out that the important factor behind drug prices is the demand structure of the market, and everything else (that's unregulated) exponentially decays into irrelevancy.

I'm not selling some kind of viewpoint. Demand is an economics term with a well-defined meaning which you have to try quite hard to misconstrue. It is not a moral concept any more than entropy is a moral concept in physics. Additionally, the demand structure theory works perfectly fine in an economy where you have to take into account being stabbed. It is not a philosophy or an ideal. It is a mathematical entity.




See my response to KwarK. When I say "The price of an item is whatever someone is willing to pay for it," I maybe should have said value instead of price. But it's still true. All the time. You're talking about something entirely different. You're talking about how healthy markets should/shouldn't work and so on and so forth. But at the end of the day, the value or price of an item is a concept that works perfectly fine in a completely corrupt and horribly-functioning economy.

"The fact that the demand for the product was generated by some external factor doesn't matter." When you draw the graph at the end of the day, the demand curve still functions whether your market is engaging in healthy or unhealthy activity. A market that's not functioning in a healthy way will still operate by satisfying the demand structure. Whether it should or shouldn't is a completely different topic.

[Proteus, warlords support]
Caldari Navy Co-Processor
Caldari Navy Co-Processor
Caldari Navy Co-Processor
Reactor Control Unit II
Reactor Control Unit II

Command Processor I
Command Processor I
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Experimental 10MN Microwarpdrive I

Skirmish Warfare Link - Evasive Maneuvers II
Skirmish Warfare Link - Interdiction Maneuvers II
Skirmish Warfare Link - Rapid Deployment II
Armored Warfare Link - Passive Defense II
Covert Ops Cloaking Device II
Dark Blood Large EMP Smartbomb
Dark Blood Large EMP Smartbomb

Medium Processor Overclocking Unit I
Medium Ancillary Current Router I
Medium Ancillary Current Router I

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