Venkatesh Rao@vgr·May 8, 2020Is the economy a good engineering model of civilization at large? Yes or no answers only, with justifications pls. No, “it depends” or “yes and no” bs.46116
Matt@atthatmatt·May 8, 2020Replying to @vgrThe economy is explicitly not a model. It's just a set of rules. It works because it respects the fact that the system is too complex to be modeled.117
Venkatesh Rao@vgrReplying to @atthatmattI need to introduce you to some economists who haven’t heard thisen.m.wikipedia.orgGeneral equilibrium theory - Wikipedia3:26 AM · May 8, 20202 Likes
Matt@atthatmatt·May 8, 2020Replying to @vgrThe first rule of economy club:GIFread image descriptionALT1
Matt@atthatmatt·May 8, 2020Replying to @vgrAll of the prizes in greedy reductionist games are spherical livestock.