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There's no such thing as "the laws of economics". There are goods and services and constraints, and there are economic models.
by howinteresting 5y ago
There's no such thing as "the laws of economics". There are goods and services and constraints, and there are economic models.
- WalterBright 5y agoCommunists, for example, are always trying to rewrite the laws of economics. They've failed at that 100% of the time. Wishful economic thinking never works. It's almost as if it's fundamentally a law!
- howinteresting 5y agoIt's not as if capitalist models of economics are that successful either at important goals like equality or sustainability. All models are wrong; some are useful.
- SamReidHughes 5y agoWhat are constraints if not laws?
- howinteresting 5y agoThey're constraints. "Laws" bring up connotations related to laws of physics.
- 8note 5y agoLaws in physics can be broken too. Eg. Energy is not conserved in some circumstances