: Suppose we live under a system such as you described. How would this system handle the following:
: 1) A talented musician comes to town. The theater has 100 seats. 200 people want to go. How should this scarce good be allocate?Two performances? A.bigger theatre? Use amplifiers so people can hear te concert from outside?
: 2) We need somebody to weld steel beams on a high suspension bridge. This job requires great skill and is very hazardous. Taking this job pays the same wages as a soft job in a public library. Who will take the job?
Someone who would enjoy the challenge?
: 3) A skilled sculptor has a yearning for Beethoven concertos. He lives next door to an experienced violinist. He trades one of his beautiful sculptures for a month of free dinner music. Would you arrest him? If not, hasn't he increased his "wages" by getting a good (music) that nobody else can have?
Hasn't he just fairly traded something of his own in exchange?
And can't other people listen to the violinist at other times? Suppose he recorded the music so others could listen?
