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If you have a valid economic theory, it doesn't matter if we apply it at 50BCE or if we apply it in 3000CE. Either an economic theory is able to explain a given
by esarbe 3y ago
If you have a valid economic theory, it doesn't matter if we apply it at 50BCE or if we apply it in 3000CE. Either an economic theory is able to explain a given economic situation and make predictions, or it is not.
> Anything that is reasonably possible to do by a single individual right now
Economic theories don't usually depend on the concrete specificity. Moreover; economic theories actually often pose the question "What if this thing that was not possible before suddenly becomes viable".
> divide by zero then it's a dumb theory and close to zero passing readers will take it seriously.
That might be a bad example; regular math doesn't do divide-by-zero, but we still use it very much.
- MichaelZuo 3y ago> If you have a valid economic theory, it doesn't matter if we apply it at 50BCE or if we apply it in 3000CE. Either an economic theory is able to explain a given economic situation and make predictions, or it is not. Great, I'm glad you agree the labour theory of value is unable to explain and is unlikely to be valid. It saves me, and probably all passing readers, the trouble of having to continue following this rapidly narrowing comment chain.
- esarbe 3y ago> Great, I'm glad you agree the labour theory of value is unable to explain and is unlikely to be valid. You know that I didn't write anything in that regards and that you are - using sophistry - putting words under my fingertips. This feels to me like you are not actually interested in coming to a shared understanding but more in "scoring points" in a discussion. This makes me quite sad, because that's something that I would expect from a discussion on Reddit or Twitter, but not on HN.