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merjet last won the day on February 15

merjet had the most liked content!


About merjet

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    Advanced Member

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    United States
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  • Copyright
  • Biography/Intro
    I have several articles published in Objectivity and the Journal of Ayn Rand Studies (7.2, 11.2, 13.2, 17.1, 18.1)
  • Experience with Objectivism
    Decades. Most books and periodicals by Ayn Rand.
  • School or University
    University of Illinois
  • Occupation
    actuary (retired)

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  1. http://rebirthofreason.com/Articles/Jetton/Scope_of_Volition.shtml
  2. China's government's view of cryptocurrency || Truth versus image-making
  3. You have been cleared by the tower for taxiway 9, if not yet for takeoff: Inbox - Objectivist Living

  4. Thanks for the reminder. This topic is made difficult by "interest" having several definitions and people using it in such a wide variety of ways. Also, what counts as interest within the phrase "conflict of interest" is also very diverse, even among OO members. As I said here the one somewhat common meaning of the phrase is not the least bit recognized in Ayn Rand's essay. It seems she took it for granted there is a widely-used, common meaning for the phrase. Obviously there is no such thing.
  5. I would like to have read a little beyond what Stephen excerpted from A Companion to Ayn Rand. However, I don't own the book and I can't see the rest of page 172 using Amazon's 'Look Inside' feature. I made two examples on this thread that presume rational men, but a conflict of some kind arises between them. Wright says that Rand does not deny the potential for setbacks and disappointment. Does Wright say anything next about when such potentials become actual? The two examples I gave are exactly that. A conflict of some sort arose, whether or not one chooses to call it a "conflict of int
  6. Crypto Fearmongers Get Pushback From Former CIA Director || Turkey bans crypto payments
  7. How so? I didn't make the example until page 4.
  8. Huh? The buyer I described is not playing victim; he is a real victim. The buyer is not making a scapegoat. Assume the buyer had to pay a higher price to somebody else to obtain the supply he had contracted for with the supplier. Do you consider the buyer irrational to (a) ask the supplier to make up for such price difference or (b) believe the supplier should have met the terms of the contract by buying from somebody else? I do believe there are too many laws. On the other hand, lawyers aren't merely for the purpose of representing a plaintiff or defendant after a dispute arises. They m
  9. Prove it with an exact citation. Her words, not yours.
  10. Suppose all that Buyer B wants from Supplier S is some monetary compensation for having to pay somebody else a higher price or not being able to get enough supply, but Supplier S won't pay. Then which one do you believe is irrational and hence only "supposedly" rational?
  11. The term "harmony of interest" has been used at least since Adam Smith (link). I don't know why Rand did not use it instead of "no conflicts of interest." "Harmony of interest" doesn't connote perfection like "no conflicts" does, at least to me.
  12. So what should said party have done or do that would be rational?
  13. I agree. Ayn Rand said there are no conflicts of interest among rational men. However, does a rational person never does anything irrational (even if only in retrospect, but not before the doing) or have foresight so perfect that everything the rational person plans never meets a conflict of interest when implementing the plan? I say 'no'.
  14. I agree that the second meaning I showed is toward the potential. But the first meaning need not be. For example, somebody has a 30% interest (stake) in a business. One definition of "interest' in the Oxford definition referenced on the page I linked above is: A stake, share, or involvement in an undertaking, especially a financial one.
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