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From: "Frank J. Lhota" <NOSPAM.lhota.adarose@verizon.net>
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Subject: Re: Way OT: Adam Smith and Software Markets
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Date: Tue, 04 Mar 2003 15:40:09 GMT
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"Dmitry A. Kazakov" <mailbox@dmitry-kazakov.de> wrote in message
news:3vo86vk60e69shjgqdbpp6e5pb8qfop3hr@4ax.com...
> On Mon, 03 Mar 2003 15:53:54 GMT, "Frank J. Lhota"
> <NOSPAM.lhota.adarose@verizon.net> wrote:
> What does your example show? That technological progress does exist?
> How does this reveal the efficiency of free (is it?) market for
> choosing best software and hardware solutions? You have compared old
> computers with new ones, apples and oranges instead of comparing, for
> instance, 32- vs. 64-bit processors, Pentium  vs. Alpha, C++ vs. Ada
> 95. Should you do that, probably, the result would be not so exciting.

Of course, progress takes place in all fields, but I defy you to identify
another industry where we have seen so many dramatic improvements in such a
short period of time. Granted, it is hard to quantify how "exciting" certain
changes are, but the pace at which these enhancements have been made suggest
a very efficient market indeed.