全 77 件のコメント

[–]HealthcareEconomist3Krugman Triggers Me 8ポイント9ポイント  (26子コメント)

You are visited by an alien race who demand you must kill an entire occupational classification otherwise they will destroy the planet. Which one do you choose and why?

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 16ポイント17ポイント  (6子コメント)

Just let them destroy the planet. The stimulative effect from having to rebuild literally everything should just about fix our economy forever.

EDIT: I ran the calculations through our system. Assuming that it took about 2 billion years for the Earth to fully form, approximately 3.5 billion years for humans to evolve and a further, say, 40,000 to create modern civilization, I estimate that we can guarantee full employment for about 5.50004 billion years. Now that's efficiency!

[–]commentsrusBring maymayday back! 8ポイント9ポイント  (3子コメント)

[–]IntegraldsI am the rep agent AMA 0ポイント1ポイント  (0子コメント)

I am legitimately impressed.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 0ポイント1ポイント  (0子コメント)

This is perfect.

[–]basilect40% of economics is dental hygiene 4ポイント5ポイント  (1子コメント)

☐ not praxd

☑ praxd

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 6ポイント7ポイント  (0子コメント)

☑ Praxasaurus Rex

☑PraxBox 360

☑Harry Potter: The Half-Praxed Prince

☑ Rock Paper Prax

☑ Cash4Prax.com

☑ 12 Years a Prax

☑ The Usual SusPrax

☑ Prax Fiction

☑ The Good, The Bad and the Prax'd

☑ Prax to the Future

[–]UltSomnia 5ポイント6ポイント  (0子コメント)

Obviously healthcare economists.

[–]Fallline048 3ポイント4ポイント  (5子コメント)

53-6031 Gas Pump Attendants. Specifically in full-service states. I can pump my own gas and don't need my time wasted while you try to fill 3 cars at once and yell at me when I try to exit my vehicle, then expect a tip for the inconvenience.

[–]commentsrusBring maymayday back! 4ポイント5ポイント  (0子コメント)

You'll set yourself on fire, kid.

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 1ポイント2ポイント  (2子コメント)

I've spent most of my life in Michigan. Is this still a think in some places? I can't say I've ever seen gas pump attendants outside of 40's noir films and possibly some Keaton comedies.

[–]wyman856People are horses 2ポイント3ポイント  (0子コメント)

As far as I know, New Jersey and Oregon are the only two states in the U.S. that continue full-service, mainly because their attendants unionized and successfully lobbied for making/keeping self service illegal back in the day.

[–]xorchidsExpert at economics I know what bitcoins are 2ポイント3ポイント  (0子コメント)

Yeah, I know it is in NJ. Like /u/fallline048 said you can't leave your car, and they usually wait like a dumbfounded idiot waiting for you to tip them.

I don't mind. Service is speedy and dirt cheap compared to my home state.

NJ is a really weird state. You can get a ticket for friggen breathing. Lots of weird laws.

[–]lorentz65DEMAND FOR THE DEMAND GOD! 0ポイント1ポイント  (0子コメント)

This does disadvantage old people, like my grandmother, who can't pump their own gas.

[–]Meta-Cognition"Neoclassical Bernankean shill" 3ポイント4ポイント  (3子コメント)

Modern artists.

Fuck off. Friedrich's Wanderer Above the Sea of Fog and Raphael's School of Athens are all you need.

EDIT: I'd also get rid of the people like Euripides, who bastardised tragedy with their fucking Socratic rationalism. But unless they're time-travelling aliens. . .

[–]Babahoyo 5ポイント6ポイント  (1子コメント)

fucking neoclassicist.

[–]Meta-Cognition"Neoclassical Bernankean shill" 2ポイント3ポイント  (0子コメント)

It all went downhill with Van Gogh and his shitty impressionism.

[–]alexhoyerhoard plywood now for our ANCAP overlords 2ポイント3ポイント  (1子コメント)

Art critics. Fuck them, if it's so easy they should do it.

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 2ポイント3ポイント  (0子コメント)

I went with a friend to the DIA recently and they were loudly complaining about the quality of some colonial-era furniture on display in the American art section. Do they count?

[–]deathpigeonxPart of the 1% (who have actually read Piketty) 1ポイント2ポイント  (0子コメント)

People who's job is to kill an entire occupational classification.

[–]___OccamsChainsaw___Garrett 4 Fed Gov. 1ポイント2ポイント  (0子コメント)

Does 'unemployed' count? Because you know, we haven't actually tried 'kill all the poor'.

[–]k4rter 1ポイント2ポイント  (0子コメント)

car dealers, let Tesla sell those cars directly.

[–]irondeepbicycleI got 99 problems but technological unemployment ain't one 1ポイント2ポイント  (0子コメント)

Bail bondsmen? Maybe it forces changes to our bail system?

[–]NewmanTheScofflawDingo ate my textbook 0ポイント1ポイント  (0子コメント)

"TV personality"

[–]commentsrusBring maymayday back! 5ポイント6ポイント  (0子コメント)

Prediction: 120 comments in 6 hours

[–]k4rter 4ポイント5ポイント  (1子コメント)

[–]deathpigeonxPart of the 1% (who have actually read Piketty) 4ポイント5ポイント  (0子コメント)

I leave Krugman at the foot of the mountain. One always finds one's burden again. But Krugman teaches the higher fidelity that negates the gods and raises rocks. He too concludes that all is well. This universe henceforth without a master seems to him neither sterile nor futile. Each atom of that stone, each mineral flake of that night-filled mountain, in itself, forms a world. The struggle itself toward the heights is enough to fill a man's heart. One must imagine Krugman happy.

[–]IntegraldsI am the rep agent AMA 5ポイント6ポイント  (16子コメント)

We've done taxes and subsidies, what about expenditures?

  • An expenditure category or program that should receive more funding.
  • An expenditure category or program that should receive less funding.
  • An expenditure category or program that is receiving about the right amount of funding.
  • A new expenditure category or program.
  • An expenditure category or program that should be eliminated.

I'm using "expenditure category or program" to be as broad as possible. "NASA" counts. "Defense" counts, as do subsets like "CIA" or "the F-35" or "$3,000 screwdrivers." "Health spending" counts, as do subsets of health like "Medicare" or "Medicare Part D" or "Medicare prescription drugs."

You may not answer "waste, fraud, and abuse," because that's lame.

[–]HealthcareEconomist3Krugman Triggers Me 4ポイント5ポイント  (1子コメント)

An expenditure category or program that should receive more funding.

ACF, particularly Head Start.

An expenditure category or program that should receive less funding.

Everything that's related to retirees, particularly healthcare. Its disappointing that so little of the inequality rhetoric focuses on the insanely regressive public retirement system.

An expenditure category or program that is receiving about the right amount of funding.

Other then congress constantly stealing funds from FAA's NextGen air transport in general receives the right amount of funding.

A new expenditure category or program.

NIT.

An expenditure category or program that should be eliminated.

NASA. Redirect all the funding to the NSF.

No funding for manned spaceflight out of earth orbit, extremely limited funding for manned spaceflight in earth orbit.

[–]prillin101 0ポイント1ポイント  (0子コメント)

Why no love for NASA :(

[–]Meta-Cognition"Neoclassical Bernankean shill" 1ポイント2ポイント  (11子コメント)

More funding: R&D. (I'm not sure about the budget for the likes of the NSA, but from what I hear there's quite a significant technological lag in the intelligence services at the moment, so I wouldn't mind increased funding their either to be honest. . . Will Wumbo kill me for that, being a libertarian and all?).

Less funding: The prison system.

Right amount of funding: Defence (although you could allocate the existing budget a bit better).

New expenditure: NGDP futures market ( ͡° ͜ʖ ͡°)

Eliminated: Social security.

Of course, all of these come with caveats of complimentary policies.

[–]Babahoyo 2ポイント3ポイント  (5子コメント)

funding prisons less will probably just make prison conditions worse, rather than make our country sentence fewer people for shorter sentences like we should.

[–]Meta-Cognition"Neoclassical Bernankean shill" 1ポイント2ポイント  (4子コメント)

I'd rather see drugs legalised/regulated and more effort placed into rehabilitation before we begin to cut prison funding. Prisons really ought to be holding pens for the ~50pc of violent criminals who can't be rehabilitated.

And maybe as a deterrent/punishment for shit like white collar crime, because I have no idea how you'd even begin to rehabilitate those people.

[–]Babahoyo 3ポイント4ポイント  (3子コメント)

I'd rather see we properly fund our public defense system, our mental health system, and use funds that go into over-militant policing to go to community outreach and reentry programs. Then I'd like to see sentencing guidelines overhauled entirely so programs like parole can actually be used as an alternative punishment instead of an extra year or two on a really long sentence. In fact, i'd like to cut all prison sentences down by at least half, considering the fact that people age out of crimes and that we are way past the point of where marginal costs intersect with marginal benefits. I'd also ban the death penalty and solitary confinement.

[–]Meta-Cognition"Neoclassical Bernankean shill" 1ポイント2ポイント  (2子コメント)

In fact, i'd like to cut all prison sentences down by at least half

Oh, I could definitely get behind that. I'd rather follow Norway's example and set the maximum limit at 21 years, subject to potential extension. Even the most psychopathic violent criminals "age out of crime", as you say.

I'd also ban the death penalty and solitary confinement.

I'm with you on solitary, not so sure about the death penalty. I tend to think it's an appropriate punishment for terrorists.

[–]Babahoyo 2ポイント3ポイント  (1子コメント)

turning them into martyrs?

Even beyond that, I just don't like it.

[–]Meta-Cognition"Neoclassical Bernankean shill" 1ポイント2ポイント  (0子コメント)

turning them into martyrs?

I really don't buy that argument. You can't not make martyrs for these people; al-Qaeda never forgave the West for not allowing Indonesia to commit a genocide in East Timor. If you can't get that past them, you can't address their grievances with anything short of capitulation to their toxic theo-cultural-moral vision.

I'm still waiting for the thousands of bin Ladens that were supposed to pop up too, once we'd killed the original.

[–]MildlyEoghanDon't Prax Me, Bro! 1ポイント2ポイント  (2子コメント)

No social security and a defunded prison system; that would be hilariously tragic to watch.

[–]Meta-Cognition"Neoclassical Bernankean shill" 1ポイント2ポイント  (1子コメント)

No social security and a defunded prison system

Ahem:

Of course, all of these come with caveats

I don't want to implement any of those things immediately. Although it would be mildly interesting to watch.

[–]MildlyEoghanDon't Prax Me, Bro! 2ポイント3ポイント  (0子コメント)

Although it would be mildly interesting to watch.

Reality television would be much more entertaining.

[–]thatdamnedsalarianDisciple 0ポイント1ポイント  (1子コメント)

Eliminated: social security

:(

What would you replace/compensate it with?

[–]Meta-Cognition"Neoclassical Bernankean shill" 0ポイント1ポイント  (0子コメント)

Private retirement accounts, with subsidies for low-income individuals.

[–]MildlyEoghanDon't Prax Me, Bro! 1ポイント2ポイント  (0子コメント)

  1. Third level education
  2. Unemployment activation programs (excluding education)
  3. No idea, probably a lot of them
  4. Social welfare reform and monitoring program
  5. Child benefit, in its current form, various pension entitlements

[–]commentsrusBring maymayday back! 2ポイント3ポイント  (0子コメント)

An expenditure category or program that should be eliminated.

The government. QED.

[–]wyman856People are horses 4ポイント5ポイント  (2子コメント)

I found this piece via Tyler Cowen on the relationship between Milton Friedman and Paul Samuelson, "The Rivals."

It has a great deal of meta-economics history and is a really well-done piece overall.

[–]IntegraldsI am the rep agent AMA 3ポイント4ポイント  (1子コメント)

I read that too quickly, as "I found this place via Tyler Cowen," and thought we'd hit the big leagues with a link from MR.

[–]wyman856People are horses 3ポイント4ポイント  (0子コメント)

If only. Maybe if we started collecting our best economics-related food recipes he will be forced to take notice and visit.

[–]Babahoyo 1ポイント2ポイント  (6子コメント)

[http://opinionator.blogs.nytimes.com/2015/07/14/what-economics-can-and-cant-do/?action=click&pgtype=Homepage&module=opinion-c-col-right-region&region=opinion-c-col-right-region&WT.nav=opinion-c-col-right-region](What Economics Can -and Can’t- Do)

This article is pretty interesting, it'll probably end up on this sub some point in the next few hours. I would do an R1 but idk what i would say. Overall I think its a good piece, but would obviously have liked them interview an economist instead of a philosopher of economics.

[–]MildlyEoghanDon't Prax Me, Bro! 2ポイント3ポイント  (2子コメント)

I think philosophers and heterodox/political economists feel unhappy with the monopoly on the mainstream that "mainstream" economics has had ever since the marginalist revolution.

[–]Babahoyo 1ポイント2ポイント  (1子コメント)

Should they feel unhappy?

[–]MildlyEoghanDon't Prax Me, Bro! 2ポイント3ポイント  (0子コメント)

Dunno, they're still around so clearly there's something in it for them.

[–]ivansmlhotshot with a theory 2ポイント3ポイント  (1子コメント)

This is a surprisingly good article. Yes, economics often cannot offer definitive conclusions, but providing informed arguments about pros/cons of various policies is still valuable in itself.

[–]Babahoyo 1ポイント2ポイント  (0子コメント)

I like the idea of economics as serving to force people to ask the right normative questions, which the philosopher articulates nicely.

[–]HealthcareEconomist3Krugman Triggers Me 1ポイント2ポイント  (0子コメント)

Let me help you with that R1:

His description of prescription is very good indeed, ill probably be stealing it.

Standard economic theory provides useful tools, but it focuses on a very limited range of causal factors — mainly the choices of millions of consumers, investors and firms — which it simplifies and assumes to be governed entirely by self-interested pursuit of goods or financial gain.

TIL only broad macro exists. Economics is useful in any situation you have people interacting with other people, it encompasses all aspects of behavior and decisions. The political issues that have prevented Greece from reforming before the crisis hit is a textbook example of public choice theory.

Also any behavioral economist would strongly object to the idea we can only consider behavior on a rational basis.

In John Stuart Mill’s view, which I believe is basically correct, economics is a separate and inexact science. It is separate from the other social sciences, because it focuses on only a small number of the causal factors that influence social phenomena. It is inexact because the phenomena with which it deals are influenced by many other causes than the few it focuses on.

I'm not sure the views of an economist that practiced before economics existed as a seperate discipline and predated the introduction of math to the field by nearly a century is particularly useful to consider in a discussion of the philosophy of science and how it applies to econ.

For a much simpler illustration than the case of Greece, consider current debates about whether to raise the minimum wage. This is not just an economic question, because the minimum wage may have all sorts of effects. (It might, for example, shore up families and improve the lives of children.) One might believe, naïvely, that the economic effect would be simply to raise the wages of those who are currently earning the minimum wages.

These are all economic effects that we can study and understand. The rest of the interview continues like this, his entire basis of argument seems to be that simplistic models (in the case of MW SD) form the basis of modern economic understanding and we are incapable of dealing with complex systems.

[–]SoyElGoddamnBatmanI don't really know anything, honestly 1ポイント2ポイント  (1子コメント)

What do you guys think are the best subs for learning about other topics? BE is my spot, but sometimes I want to learn about other stuff too.

[–]alexhoyerhoard plywood now for our ANCAP overlords 1ポイント2ポイント  (0子コメント)

/r/asksocialscience is good if you're looking for a broader purview.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 2ポイント3ポイント  (3子コメント)

Someone reported a comment of mine because I broke Rule III.

I kek'd

[–]basilect40% of economics is dental hygiene 2ポイント3ポイント  (0子コメント)

[–]JPelter 3ポイント4ポイント  (1子コメント)

Lol.

That was me.

I couldn't resist.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 0ポイント1ポイント  (0子コメント)

You're the best, A+.

[–]bigkr88 1ポイント2ポイント  (4子コメント)

Everyone, I propose a game. Fix the Greek crisis/elongated death spiral in one sentence. Most upvotes wins a cookie.

[–]BUTWHYNOTZOIDBERGTranscedential Virgo Trotskyist 3ポイント4ポイント  (0子コメント)

Rename country to Greeece.

[–]deathpigeonxPart of the 1% (who have actually read Piketty) 0ポイント1ポイント  (0子コメント)

Playing a little game of global thermonuclear war. That would get our minds off of Greece.

[–]iamelbenMalthusian Enthusiast 0ポイント1ポイント  (1子コメント)

1.) Break all windows in the country.

2.) Enjoy economic recovery fueled by exploding glassfitting sector.

3.) Repeat as needed.

[–]___OccamsChainsaw___Garrett 4 Fed Gov. 0ポイント1ポイント  (0子コメント)

1.) Break all windows in the country.

I mean... with all the neo-fascists in Greece this isn't really something you want to have happen.

[–]prillin101 0ポイント1ポイント  (6子コメント)

Why haven't wages kept up with productivity? I'm not one to blame greed or rich people taking the money and running, but I do have that one question.

Why haven't they kept up with it? I've also read that people are now only receiving 1/5 the wages they did pre-recession, why is that?

Thanks for any answers.

[–]IntegraldsI am the rep agent AMA 0ポイント1ポイント  (3子コメント)

There is far less decoupling when you use compensation instead of wages and adjust both productivity and compensation by the same price delator; see here, Figure 12.

I've also read that people are now only receiving 1/5 the wages they did pre-recession, why is that?

You think that the typical worker took an 80% pay cut in the past eight years? Why would you think that?

[–]prillin101 0ポイント1ポイント  (0子コメント)

Thanks for the answer!

I coulda mixed it up, I think it said 1/5 Americans took a pay cut.

[–]prillin101 0ポイント1ポイント  (0子コメント)

Wait, here: http://www.newsweek.com/new-jobs-after-recession-pay-23-less-263843

This one says 23%, more believable.

Was it because they took lower paying and lower education-requiring jobs? I thought underemployment was 5.8%, though.

[–]iamelbenMalthusian Enthusiast 0ポイント1ポイント  (0子コメント)

You think that the typical worker took an 80% pay cut in the past eight years? Why would you think that?

Because ThinkProgress, MSNBC, /r/poltiics, and Bernie Sanders.

No, but seriously, I thought this too before I took labor econ. Learning to not conflate compensation and wages was a big deal for me, and is still a little counter-intuitive because of semantic reasons.

[–]alexhoyerhoard plywood now for our ANCAP overlords 0ポイント1ポイント  (1子コメント)

Compensation is a more informative measure of worker income, as it measures all forms of labor costs. The myth of productivity and wage decoupling is overstated. Properly indexed, and accounting for income variety, compensation is growing in trend with productivity. One last note to consider is that while average productivity has grown, those gains aren't evenly realized. SBTC has led to rapid productivity gains in some sectors, while other (usually lower wage sectors) have had few productivity improvements, if any at all. Those distributional concerns affect how we have to look at the data on wage growth too, and how it relates to inequality.

[–]prillin101 0ポイント1ポイント  (0子コメント)

Thank you for the response :)

[–]thatdamnedsalarianDisciple 0ポイント1ポイント  (1子コメント)

Is collective bargaining via unions one of the better ways to achieve higher wage rates?

[–]iamelbenMalthusian Enthusiast 0ポイント1ポイント  (0子コメント)

I'd say improving your MPL with education is both more fulfilling and more effective in the long run.