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Old 02-28-2007   #22 (permalink)
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Re: So Long, and Thanks for All the Fish

Well, under the market model we'd find that the fish would never be terribly populous - but that there would be, at some point, an equilibrium. The potential problem is that there is a size beneath which a population may die out due to problems with finding mates. If the point of equilibrium were below this necessary size, it is possible that even the market forces couldn't prevent an extinction. However, if there is a way to profit from increasing the size of the population, then somebody will do it. If profit is there to be made, somebody will take advantage of it. This is both the blessing and the curse of capitalism.


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