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> What I would have in mind is policy more guided by econ 101 I have a degree in Economics. The first they thing teach you in Econ 201 is to ignore everything

> What I would have in mind is policy more guided by econ 101 I have a degree in Economics. The first they thing teach you in Econ 201 is to ignore everything that happened in Econ 101: it's useful to learn to read graphs, but everything is largely useless otherwise. Also, why are you prescribing that we ought to follow Econ 101 then 2 sentences later telling us to instead ignore Econ 101 in favor of this other thing. This is contradictory advice. > A perfect free market might never have existed, but good enough approximations do Good enough is arbitrary. Go check out Anarcho-Capitalists, they want a very different good-enough. Furthermore, we're finding another contradiction: your pursuit of a free-market, yet you're offering up countries with varying levels of market and capital control. Estonia, for example, has highly market-distorting healthcare/insurance industries through a monopsony. This is, again, contradictory, as a monopsony is a market-distorting force--especially when constructed through government mandate. Or is this where that ideology safety-valve kicks in: > The latter only by-and-large and with big exceptions obviously, since they are complicated real world places. It's full of contradiction and arbitrary distinctions.

imtringued 6y ago
If you are interested in a moderately realistic economy simulation game then checkout prosperous universe. https://prosperousuniverse.com/blog/2020/11/03/learn-economic-theory-by-playing-prosperous-universe/ https://prosperousuniverse.com/blog/2020/11/03/learn-economi... I think it's incredibly interesting because it helps people actually experience economic theory first hand by letting everyone run their own virtual business. It's obviously highly simplified but if you have spent your entire life on the consumer/worker side then you will never get to experience even a tiny bit of the complexity of running a real business and how economic theory works out in practice. When you aren't actually running your own business you often get hung up on high profile edge cases like monopolies where it's in your face that the economy is not in your favor but you never ever stop and think for a second about the parts of the economy that do actually work out just fine. Things like water futures are a net positive compared to the previous situation. Instead everyone in this comment section assumes the worst and thinks about how this system is going to get broken and abused because that is what they experience all the time in far more complicated situations like health care. Free markets aren't ideal in every situation. That's true but there are also situations in which they are excellent. The closer you get to a prefect market the more effective the free market. Health care is the ultimate counter example to a perfect market and managing it as a free market will not yield efficient results.
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imtringued 6y ago

If you are interested in a moderately realistic economy simulation game then checkout prosperous universe. https://prosperousuniverse.com/blog/2020/11/03/learn-economic-theory-by-playing-prosperous-universe/ https://prosperousuniverse.com/blog/2020/11/03/learn-economi... I think it's incredibly interesting because it helps people actually experience economic theory first hand by letting everyone run their own virtual business. It's obviously highly simplified but if you have spent your entire life on the consumer/worker side then you will never get to experience even a tiny bit of the complexity of running a real business and how economic theory works out in practice. When you aren't actually running your own business you often get hung up on high profile edge cases like monopolies where it's in your face that the economy is not in your favor but you never ever stop and think for a second about the parts of the economy that do actually work out just fine. Things like water futures are a net positive compared to the previous situation. Instead everyone in this comment section assumes the worst and thinks about how this system is going to get broken and abused because that is what they experience all the time in far more complicated situations like health care. Free markets aren't ideal in every situation. That's true but there are also situations in which they are excellent. The closer you get to a prefect market the more effective the free market. Health care is the ultimate counter example to a perfect market and managing it as a free market will not yield efficient results.

deleted 6y ago
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