Wondering if any 'End Demand' proponents have engaged with actual economic theories of supply/ demand (eg Say's Law https://en.m.wikipedia.org/wiki/Say%27s_law …)
labor markets are tricky. @charles_chill noted a while ago that under certain circumstances ↓P --> ↑q_s via income effect
-
-
it's a bit tricky to argue from theory because an obnoxious economist can make a model to justify pretty much anything
-
the baseline expectation in any market, regardless, is that suppliers will be unambiguously hurt by a a decrease in demand
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.