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eigenrobot's profile
eigenrobot
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@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
Joined July 2013

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    1. NLRG Loves Recursive Guises‏ @NLRG_ Jan 26

      1 is a maybe; need to think about how monopsony power and general equilibrium effects interact 2 is unpersuasive; different labour market regs are different 3 is something i've already priced in 4 idk anything about macroeconomics but interestinghttps://www.econlib.org/archives/2013/03/the_vice_of_sel.html …

      6 replies 0 retweets 21 likes
      Show this thread
    2. eigenrobot‏ @eigenrobot Jan 26
      Replying to @NLRG_

      people defending minimum wages with increasingly absurd arguments would be higher status to me if they did so as a party game rather than earnestly

      6 replies 3 retweets 32 likes
    3. NLRG Loves Recursive Guises‏ @NLRG_ Jan 26
      Replying to @eigenrobot

      im unfamiliar with the literature but i think the academic arguments on minimum wage are usually pretty reasonable on both sides; it's mainly an empirical question at this point, i think but then you talk to normies and

      1 reply 0 retweets 10 likes
    4. eigenrobot‏ @eigenrobot Jan 26
      Replying to @NLRG_

      i had a grad school classmate who found the mixed results about minimum wage effects to be evidence of an uncertain story rather than a good reason to question our empirical findings generally still think about this

      3 replies 0 retweets 20 likes
    5. halvorz ¯\_(ツ)_/¯‏ @halvorz Jan 26
      Replying to @eigenrobot @NLRG_

      i would simply question both empirical and theoretical economics findings equally

      1 reply 0 retweets 14 likes
    6. Steven Godofsky‏ @sgodofsk Jan 26
      Replying to @halvorz @eigenrobot @NLRG_

      the fundamentals of supply and demand is the best supported theory in all of the social sciences and you should believe it strongly even if you don't believe other parts of economic theory

      1 reply 0 retweets 16 likes
    7. halvorz ¯\_(ツ)_/¯‏ @halvorz Jan 26
      Replying to @sgodofsk @eigenrobot @NLRG_

      supported by what, exactly

      3 replies 0 retweets 8 likes
    8. eigenrobot‏ @eigenrobot Jan 26
      Replying to @halvorz @sgodofsk @NLRG_

      *gestures wildly in all directions*

      2 replies 0 retweets 20 likes
      eigenrobot‏ @eigenrobot Jan 26
      Replying to @eigenrobot @halvorz and

      the baseline predictions are the directional responses of price and quantity in response to changes in supply or demand, and they're so consistently met that it's almost trivial to list them sadly this means most of the attention goes to weird edge cases like potatoes in famines

      1:59 PM - 26 Jan 2021
      • 21 Likes
      • Trey Dudley N antirobust dune knight Chana William Dunne Gabriel bosco Arthur Niculitcheff
      4 replies 0 retweets 21 likes
        1. New conversation
        2. halvorz ¯\_(ツ)_/¯‏ @halvorz Jan 26
          Replying to @eigenrobot @sgodofsk @NLRG_

          wait so is empirical economics good or bad

          2 replies 0 retweets 9 likes
        3. Orbital Snark Platform‏ @MoonstruckTwolf Jan 26
          Replying to @halvorz @eigenrobot and

          Yes

          0 replies 0 retweets 4 likes
        4. End of conversation
        1. Wie Dan 🍃‏ @LudditeHacker Jan 26
          Replying to @eigenrobot @halvorz and

          Famines are enough of a reason to completely reject the entire framework though. Weird edge cases drive most of my decisions on which worldview to support to be honest and I think anyone who doesn't do this is insane.

          0 replies 0 retweets 1 like
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        1. :•:‏ @ollyrobot Jan 26
          Replying to @eigenrobot @halvorz and

          Twitter usually hides a lot of your replies from me robot, but it showed me this one The algorithm is good

          0 replies 0 retweets 4 likes
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        1. dave the pants, barabrian‏ @davethepants Jan 26
          Replying to @eigenrobot @halvorz and

          or healthcare

          0 replies 0 retweets 2 likes
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