Not justifying overnight demolitions, but the economics of this tweet is wrong. If shanties are demolished, labour supply is cut.https://twitter.com/EllenBarryNYT/status/887163952118890496 …
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Replying to @RavikiranRao
Yeah everyone changes opinion once the mob breaks the door and tries to rape and murder family.
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Replying to @doubtinggaurav
Do you think the mob is rioting because it consists of Muslims, or because they are human beings, and humans do shit?
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Replying to @doubtinggaurav
I am a heartless capitalist who believes in incentives. I agree that political backing means that people are more likely to riot.
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Replying to @RavikiranRao @doubtinggaurav
Do you believe in endogenous or exogenous utility functions? Incentives may be supreme but they operate on utility functions.
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A middle class Hindu and Muslim operate very differently (on average) with respect to having kids, education choices etc.
11:23 PM - 17 Jul 2017
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