It's meant to prevent you from talking about questions of "value" — of what it's moral to do, and why, of how society should determine value
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@aspasia_project That makes it tautological, though. By that definition, you can never have a bubble where things are "overvalued".
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@hoodedu finance treats value a bit differently, I think. still the 'overvaluation' definition of a bubble has been for roughly this reason.
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@aspasia_project I think econ shuffles the tautological and transcendent definitions to make it seem like there's an empirical basis
Thanks. Twitter will use this to make your timeline better. UndoUndo
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@aspasia_project for essentially spiritual/philosophical claims.
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@hoodedu may I trouble you for an example? I know that lots of (mostly right-wing) non-economists do this w/econ--and they drive me nuts /1 - Show replies
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