[arin-ppml] Paul Krugman on bad equilibriums

michael.dillon at bt.com michael.dillon at bt.com
Wed Oct 15 07:44:34 EDT 2008

I've just been reading a paper by Paul Krugman who recently
won the Economics Prize in memory of Alfred Nobel. The
paper is entitled "Supply, Demand, and English Food" but
I think it explains what has gone wrong with IPv6 some
10 years after it was developed.

Here's a relevant quotation:

   But the history of English food 
   suggests that even on so
   basic a matter as eating, a 
   free-market economy can get trapped for
   an extended period in a bad equilibrium 
   in which good things are not
   demanded because they have never 
   been supplied, and are not supplied
   because not enough people demand them.

--Michael Dillon

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