Sunday, April 12, 2015

Compromise, Cooperation, Value

In studies of the Prisoner's Dilemma, trustful compromise is often characterized as 'cooperation'. However, the implied concept in the latter of self-sacrifice is not only extrinsic to it, but a potential distortion, perhaps reflecting the aversion of an 'individualist' to involvement in a pluralistic scenario. To the contrary, 'cooperative' often connotes an alliance constituted by complementarity, in which the profits of a member can exceed any projected for them taken in isolation, and, hence, can be irreducible to any Utilitarian calculation. For example, the earnings of an architect, even Rand's, will vary according to the competence of an associated builder, materials supplier, construction crew. etc. Accordingly, what can be called 'cooperation-value' can enhance, not diminish, that of both the labor-value and the exchange-value of an individual in the marketplace.

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