Ham Sarris & AnCaps both love to rebut facts with hypotheticals, often of extreme cases: “but what if you were trapped with 50 people on an alien planet, how would you centrally plan then, hmm?”
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i’m not so naive to think that there are extreme cases, where survival depends on it, information poor, institutions sui generis & original resource endowments equal where ‘markets’ wouldn’t be so bad, but we haven’t lived in that world on Earth, well, basically ever ¯\_(ツ)_/¯
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Replying to @yungneocon
Riffing off your Austrian post: I used to exalt the computational power of markets as an integrator of sincere human expressions. Things got cloudy real fast once I got to a point of technical competency where I could seriously ask, "well, okay, but...try to quantify that."
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Replying to @generativist @yungneocon
The coder in me started to feel like A LOT of laissez faire and neoliberal arguments have the same shape as ones where management inflates the cost of technical debt to justify a status quo that grants continuing consulting fees.
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Replying to @generativist
the analogy is stronger than you may realize given how much economic behavior depends on what could only honestly be called useful accounting fictions
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Replying to @yungneocon
Once I'm done with my dissertation. I really do want to do a deep dive into the (large body of) economics literature that I wasn't exposed to as a finance undergrad or a (non-economist) computational social scientist.
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Replying to @generativist
well! haha, if that’s your goal, my friend, then boy do I have some PDFs for you lmao
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Fire at will haha. (DM'ing email just in case you ever come across something you think I should read!)
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