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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred May 13

      Austen Allred Retweeted Ro Khanna

      No. Economic. Theory. Silicon Valley’s congressional representative. Explains a lot.https://twitter.com/rokhanna/status/995672764999757824 …

      Austen Allred added,

      Ro KhannaVerified account @RoKhanna
      High prescription drug prices are not motivated by any economic theory. It’s just simple greed.
      8 replies 26 retweets 158 likes
    2. Justin D. Long‏ @justindlong May 13
      Replying to @AustenAllred

      Maybe I am being stupidly simple but isn’t greed an economic theory? Or st least part of it? What am I missing?

      1 reply 0 retweets 8 likes
      Austen Allred‏Verified account @AustenAllred May 13
      Replying to @justindlong

      I can’t think of any economic theory that doesn’t try to explain that phenomenon

      9:29 AM - 13 May 2018
      • 13 Likes
      • Maciej Skrzynecki E. Harding (hail Bolsonaro!) Akshay Chalana Matt Poldberg, Social Media Participant UX.pragmatist Swkoll Swkoll Higgs Amazon Cuomo Christopher Cordeiro
      4 replies 0 retweets 13 likes
        1. New conversation
        2. Christopher Cordeiro‏ @ccordeiro14 May 13
          Replying to @AustenAllred @justindlong

          A more generous way of putting the congressman’s comment would be that price reducing economic forces are not able work in the pharmaceutical market due to the market structure and regulatory framework, such as lack of transparency in prices, trivial patent renewals @EconTalker

          1 reply 1 retweet 9 likes
        3. Tweet unavailable
        4. Christopher Cordeiro‏ @ccordeiro14 May 13
          Replying to @2018Rosenberg @AustenAllred and

          I am employing a saving construction of his comment 😀 ala Justice Roberts.

          0 replies 0 retweets 1 like
        5. End of conversation
        1. ᛄᚩᚾ᛫ᚠᛄᚩᚾᛚᚪᛇ᛫ᛗᚪᛄᚱ‏ @idlebystander May 13
          Replying to @AustenAllred @justindlong

          He’s making what’s apparently a needed and non-obvious point, since some people still claim that higher drug prices benefit the American public. Surely you don’t support that view?

          0 replies 0 retweets 0 likes
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        1. ᛄᚩᚾ᛫ᚠᛄᚩᚾᛚᚪᛇ᛫ᛗᚪᛄᚱ‏ @idlebystander May 13
          Replying to @AustenAllred @justindlong

          The tweet you’re referencing is somewhat incoherent. More precisely put, “No economic theory supports the notion that high drug prices are maximizing our collective utility function. Rather, they maximize that of a secret few.” However, a smart politician wouldn’t speak thus

          0 replies 0 retweets 0 likes
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        1. ᛄᚩᚾ᛫ᚠᛄᚩᚾᛚᚪᛇ᛫ᛗᚪᛄᚱ‏ @idlebystander May 13
          Replying to @AustenAllred @justindlong

          Is that right, though? Economic theory presupposes greed, it doesn’t explain it. Mainstream economics at best explains the space within which strategy pursuant to utility function maximization (aka greed) operates.

          0 replies 0 retweets 0 likes
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