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One of the greatest enemies of economic reasoning is the engineering mindset. The engineer models after particles and atoms with discrete interactions and fails
by conanbatt 8y ago
One of the greatest enemies of economic reasoning is the engineering mindset. The engineer models after particles and atoms with discrete interactions and fails to account the organic element of humans trading with each other.
Human kind is exceptional at finding substitutes and while not everyone on earth can get a turn to go to Venice, there are literally thousands of alternative options, and the basic economic interactions will make the available to all.