1/ This sketch of an econ paper is remarkably common. 1. Premise: In the state of nature, human beings are violent. 2. Question: Why do people cooperate? Bewildering! 3. Hypothesis: Humans are rational, recognizing the benefits associated with free exchange and markets.
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2/ That's one hell of a blind spot. With extremely rare exceptions, people find the experience of isolation to be profoundly painful. Doing so punitively is recognized (and used) as psychological torture. Like, maybe people cooperate because human beings are a social species?
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3/ I'm not citing the paper I'm reading but > Man is born into the world with his consciousness, natural talents, and the state of nature that surrounds him. […] Eventually the isolated individual comes into contract with others. is a really common basis for economists.
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Replying to @generativist
No, look, when you add a term to the utility function everyone becomes purely self-interested after all, it's fine.
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Replying to @badnetworker
It keeps getting worse, too. "Those who have a high time preference or those [who] lack talent in the area of production, may fail to respect the property rights of others." (This paper is actually relevant to my dissertation so I feel compelled to read it, but ouch.)
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In this paper? It think it's literally both. An assumption used to set up a mathematical puzzle which is used to reach the assumed conclusion that people who don't support the social and historical primacy of property rights are those incapable of desirable production.pic.twitter.com/vTW3VKfEt0
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