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BadEconomics Discussion Thread, 07 October 2015 (self.badeconomics)

AutoModerator[M] が 投稿 - stickied post

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Chat about any bad (or good) economic events. Ask questions of the unpaid members. Remember to use the NP posts and whatnot.

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[–]Kelsig 0ポイント1ポイント  (2子コメント)

Wtf is going on with the random post times of these?

[–]CatFortuneにゃんぱす! 0ポイント1ポイント  (1子コメント)

28 hours.

[–]wshanahana slightly less shitty libertarian 1ポイント2ポイント  (0子コメント)

I think we should have stickies post once every Centaurian day.

[–]Litmus2336Chicago = Best 0ポイント1ポイント  (0子コメント)

I'm a freshman and I went to my first job fair and it was a bit of a mess for me and also midterms are next week so I'm sort've an anxious wreck. Can anyone prax out why everything is going to be OK for me?

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

How relevant is the stuff that Adam Smith wrote in wealth of nations to economics right now?

[–]MrPresidentSir 0ポイント1ポイント  (5子コメント)

Is the idea of a post-scarcity economy bad economics?

[–]___OccamsChainsaw___Nietzsche Understands You 2ポイント3ポイント  (2子コメント)

How could it be? Economics describes the production, consumption, distribution &c. of scarce resources. Remove scarcity and practically every question becomes trivial.

Or are you asking if the very idea that we may one day live in a post-scarcity environment is badeconomics?

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

Or are you asking if the very idea that we may one day live in a post-scarcity environment is badeconomics?

Yes.

[–]___OccamsChainsaw___Nietzsche Understands You 0ポイント1ポイント  (0子コメント)

Haven't the foggiest.

[–]grevemoeskrHumans are horses! 0ポイント1ポイント  (0子コメント)

No. You just have to do away with all opportunity costs. Which means we have (close to) infinite time, workers or resources

[–]PonderayFollows an AR(1) process 0ポイント1ポイント  (0子コメント)

Economics isn't going to solve scarcity. If it ever happens it's going to be from some crazy breakthroughs in science and technology. So ask them?

[–]CatFortuneにゃんぱす! 0ポイント1ポイント  (1子コメント)

Think of all the out-there, heterodox, bullshit economic arguments you've ever heard. What are some examples of good insights that have inadvertently come from them?

[–]grevemoeskrHumans are horses! 0ポイント1ポイント  (0子コメント)

Yesterday, I had this argument. The highlight of that initial word salat was this

If free trade deals really were good for "everybody", you wouldn't actually need them because everyone would voluntarily agree to the terms without years of negotiating a treaty forcing them to comply.

It seems like he argues that free trade is a prisoners dilemma, which fits pretty well with the free trade agreements. Of course, I later found out that, in his mind, the prisoners dilemma is not a thing, but, you know.

[–]wshanahana slightly less shitty libertarian 1ポイント2ポイント  (0子コメント)

What are this subreddit's thoughts on Austrian influenced economists like Ben Powell and Peter Leeson. They don't reject empiricism and aren't anywhere near as praxxy as the Mises Institute crowd. I like Powell's work on sweatshops and I like Leeson's work on pirates mainly because pirates.