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0 sats \ 4 replies \ @denlillaapan 7h \ parent \ on: Why America gave up on economists econ
Perhaps... but consider the opposite case, where economists did spout much opinion on those things. Wouldn't/couldn't/shouldn't you rightly tell them off ("wth do you know of human dignity and identity, fuckface?") and have them stay in their lane?
Well the way I think it should enter into the economists' discourse is to moderate their opinions / orthodoxies. It isn't meant as a green light for them to spout their metaphysical opinions.
Economists should be more like, "Yeah, we have a labor shortage and immigration can help with that, but yeah we can understand why people want to preserve their historical culture." Or, "Yeah, the market is continually expanding access to a wide variety of goods and services, but yeah the fact that you have to rent everything now and can't afford to own anything feels bad man"
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New econ policy just dropped. Everyone should change their utility function from
u(x) = \ln x to u(x) = \infty. Infinite happiness from a simple change in mindset!reply
amazing!
Crazy that nobody thought about that. Nobel Prize to SimpleSTacker!
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