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> As I understand it, those are mainly concerned with reduction in labor costs. Where does your understanding derive from? Reducing macroeconomics to "reducing
by t_mann 4y ago
> As I understand it, those are mainly concerned with reduction in labor costs.
Where does your understanding derive from? Reducing macroeconomics to "reducing labor costs" is akin to reducing classical mechanics to "computing projectile trajectories". I don't know Christensen but I take it that he's a business school professor and I guess that was the target audience he was speaking to there.
You're not wrong that economics is a discipline that is not free from ideological biases, but I guess you're going a bit far in reducing the discipline to that. People still want to answer questions with data, like "what happens to unemployment (and exchange rates, and investment,...) if we raise interest rates?". Labor economics might ask more narrow questions like "what happens if we raise the minimum wage?". That's the sort of questions that economics deals with, not musing over the semantics of creation vs discovery.