Anywhere Else But Here wrote:Xerographica wrote:If the voting survey was multiple choice then I'd vote for both the Origin of Species and the Wealth of Nations. Both books match my preferences. But do they equally match my preferences? No. This means that I would unequally divide my donated dollars between them.
Here's the basic economic problem...
society's desires: unlimited
society's resources: limited
Here's the market solution: how people divide their limited dollars accurately reflects how they want society's limited resources to be divided.
Here's the democratic solution: how people cast their votes accurately reflects how they want society's limited resources to be divided.
Both solutions can't be equally good at solving the basic economic problem. My belief is that the market solution is much better than the democratic solution. But if voting ranked The Wealth of Nations higher than donating did, then this would falsify my belief.
This is a false dichotomy. You're acting as if the only alternative to you bizarre, anti-Scrooge-like obsession with spending money is one particular type of survey, where you have to either approve of each book or disapprove of it. Which, sure, doesn't offer much nuance. But why wouldn't you just ask individuals to rank the books directly? Or give a score to the books? Like, you know, how we tend to judge books here in the sane world.
I'm pretty sure that I never said that voting and spending are the only two ranking systems. Ranking by committee is another commonly used ranking system. For example, the dogs at a show are ranked by committee.
But my original point is that the book ranking experiment could potentially falsify my belief in the superiority of spending. Could this experiment potentially falsify your own belief? If not, could any experiment?