2·
12 hours agoYou sound like a dad after reading the morning press.
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Joined 28 days ago
Cake day: July 26th, 2025
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You are repeating indoctrinated capitalist think patterns. In reality the market most often does not react like that.
The example as given by you is how you basically teach the concept of market balance to middle schoolers. However, it’s a hypotetical lab analogy. It’s over simplified for lay people. Comparable to the famous “ignore air resistance” in physics.
Markets are at times efficient, at other times inefficient. They may even be both concurrently.
First, economists do not believe that the market solves all problems. Indeed, many economists make a living out of analyzing “market failures” such as pollution in which laissez faire policy leads not to social efficiency, but to inefficiency.
Like our colleagues in the other social and natural sciences, academic economists focus their greatest energies on communicating to their peers within their own discipline. Greater effort can certainly be given by economists to improving communication across disciplinary boundaries
In the real world, it is not possible for markets to be perfect due to inefficient producers, externalities, environmental concerns, and lack of public goods.
8·14 hours agoSee, studies are not there to show something is true. They are there to have a scientifically proven analysis as a base.
It’s like when you are at work and everyone knows that meeting xy is inefficient. However, your boss still needs data and a slide deck to present hard facts to the management board.
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They wanted to set her up for success early. Good parents.
Sicily is build on a wooden platform that freely floats on the ocean.
17·11 days agoI have one at home and it’s still not hacked.
The problem is that Sicily is freely floating. That would constantly break the bridge.
It must be difficult for them to always hire a CEO with the name Mercedes.
I think TikTok is a great way to reach all generations. Especially the elderly watch less and less TV.
And they even found out that you can just buy this vest.
Both. Definitely both.