Restated: everyone is paid a market clearing price in the form of a basket of goods. Said basket includes cash, pension, stock options, power, access, respect, and fame. Obviously compensation type N trades off with type M, for any N, M.https://twitter.com/shylockh/status/1283400113319223296 …
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Ha, likewise. The TED-talk marketing becomes second nature at a certain point.
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This got me thinking about why the two versions, though substantively the same, still "feel" different. I think part of it is that i associate statements of the form "These are concrete tradeoffs..." with models where everyone is aware of such tradeoffs, or at least ought to be.
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