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No, economic policies come from observation that policies are sociological. Economics tells us what is, not what is desirable. Policies are applied economics, i
by srtjstjsj 10y ago
No, economic policies come from observation that policies are sociological. Economics tells us what is, not what is desirable. Policies are applied economics, intended to distribute value in unnatural but desirable ways. Price controls and other "bad" economic policies are akin to a rocket ship's gravity controls that generate huge amounts of entropy to lift a metal box off the ground: They sacrifice some measure of global optimality in exchange for local improvements.