@UnlearningEcon Basic production economics, looks like. Cobb-Douglas production function?
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@UnlearningEcon and the C-D functional form is one chosen for modelling purely because it's convenient/tractable.
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@UnlearningEcon I see a 3-legged-stool question here: formalism (maths) - intuition (makes sense) - relevance (reality)
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@UnlearningEcon The practice of different types of economists values/emphasises different combinations of these 3 sides
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@UnlearningEcon 1. Barrier to entry. 2. Ability to reverse-engineer others' research. 3. Air of technical rigour.
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@UnlearningEcon Depends on context. Undergrads need more intuition/grounding in real world data/issues.
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@UnlearningEcon Where maths can help is challenging intuition! Build a model, solve it, find unexpected results!
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