Tuesday, May 21, 2013

On Troikas 7: Trilemmas



             Trilemmas


             There is a “Trilemma” in finance, also called the “impossible trinity”. It states that a nation can have any two, but not all three, of these three:
             a. International capital flow.
             b. Stable domestic economy.
             c. Stable currency value.
Citation: http://www.nytimes.com/2010/07/11/business/economy/11view.html

             Troikas arise from trilemmas when three voters attempt to decide which two of the three to choose. Each of the three options passes by 2/3, yet all agree that one of the three options must be denied.

             The “Manager’s Trilemma”: a product can be at most two of:
                          Cheap.
                          Fast.
                          Good.

             The “Labor Trilemma”: an economy can have at most two of:
                          Stable price level,
                          Full employment,
                          Free collective bargaining.

             The “Munchausen Trilemma”: an explanation can be at most two of:
                          Finite.
                          Complete.
                          Noncircular.

             The “Zizek Trilemma”; anyone under Communism can be at most two of:       
                          Honest.
                          Intelligent.
                          Communist.

          In each of these cases, the Stooges will vote majorities for each option, yet unanimously agree that one must go!

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