> the MI problem that
> the whole is greater than the sizzling sum of its
> parts.
> Roger Sandilands
If the whole is greater than the parts, then it is
because of positive externalities. How is this a
problem for MI? As Carl Menger showed in his
Principles of Economics, an exchange of goods
increases the marginal utility of both parties. In
addition, the trade can also generate positive
externalities that benefit society (or negative ones).
This benefit (or loss) does not change the fact of
the individual motivation of each actor to engage in
the trade. Externalities do not contradict
biologically independent thought and feeling.
Fred Foldvary