thinking about society rn consider the following
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many interactions in society are governed by implicit contracts, or explicit contracts with implicit implications ("incomplete contracts") im not talking about Rousseau's garbage here; more along an explicitly economic line see eg this (very dry) gem https://smile.amazon.com/dp/0521597137/
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this came to mind because several minutes ago I poured some grease down the kitchen sink
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nothing in my lease prevents me from doing this, and it is certainly more convenient to pour grease down the sink than to spend a minute finding a container for the grease and putting it in the trash sealed it is however bad for the pipes
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if I owned the building I would have taken a moment to dispose of the grease properly I currently rent, but one month ago I still would have put it in the trash unfortunately, in the ensuring period, my landlord violated an implicit element of our contract: "don't be a dick"
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Replying to @eigenrobot
true, but then this will become a problem upon the moment when the grease clogs the building sewer, and all your neighbors and yourself,
@selentelechia, and@babymoonbot are forced into temporary quarters while they clean out all the traps1 reply 0 retweets 3 likes -
im moving out because im mad
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Replying to @eigenrobot @scareduck and
I have to wonder what is the cost-benefit ratio of this. Surely there is an economic analysis? Wondering how many people cheated on their taxes before and after consequential legislation in the 20s, 40s and 60s
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Replying to @Caroline30 @scareduck and
not sure about taxes, but the book I linked goes into wonderful gory detail about the enforceability of contracts with dozens of examples torn down in detail
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Replying to @eigenrobot @scareduck and
thanks. it will arrive on Saturday!
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fair warning, it is pretty dry but it's also the best book about economics I've ever read and working through it was the important part of my grad school education. the author is a wonderful human being incidentally, once sat in his office and talked about art :)
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Replying to @eigenrobot @scareduck and
how cool is that? Dry I don't mind. here for the learning. Thanks Eigen
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