Flight Rates Forum: SSI-List
Thread: Flight Rates
# 21509 byR.A. Hettinga on March 8, 2007, 2:35 p.m.
Member since 2022-08-22
>precisely calculable
:-)
Seriously, prices are discovered, not calculated.
As for "hidden costs", externalities in the trade, there's always my
favorite Hayek quote on the subject:
"Externalities are the last refuge of the derigistes*." -- Friedrich Hayek
One can always imagine costs, but most of those you can imagine are
incalculable, at best, and, at worst, your calculations produce
un-heh-imaginable results.
:-)
Cheers,
RAH
*http://en.wikipedia.org/wiki/Dirigisme>
R. A. Hettinga rah@...
The Internet Bearer Underwriting Corporation http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'