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 …)
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Replying to @EmilyDWarfield
Like, does any of the legislation or the policy work around it address economics in any way?
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Replying to @EmilyDWarfield
labor markets are tricky.
@charles_chill noted a while ago that under certain circumstances ↓P --> ↑q_s via income effect1 reply 0 retweets 0 likes -
Replying to @eigenrobot @EmilyDWarfield
it's a bit tricky to argue from theory because an obnoxious economist can make a model to justify pretty much anything
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Replying to @eigenrobot @EmilyDWarfield
the baseline expectation in any market, regardless, is that suppliers will be unambiguously hurt by a a decrease in demand
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Replying to @eigenrobot @EmilyDWarfield
anyway short story is that end demand proponents tend not to be economic sophisticates + I haven't seen good work from them
5:26 PM - 27 Feb 2017
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