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A popular implicit assumption, probably because nobody really though about it, is that economics models often include perfect cooperation. If it takes multiple
by imtringued 3y ago
A popular implicit assumption, probably because nobody really though about it, is that economics models often include perfect cooperation. If it takes multiple people to get to an optimal outcome, they will all cooperate and never do any infighting. Economists use reverse causality and argue that non-cooperative behavior doesn't exist. You know, in exactly the same way racism/sexism was sometimes considered irrational by some economists.
- Xorakios 3y agoUm, what? I am a Princeton trained economist from the 1980's and not once, not ever do we talk about non-cooperative behavior not existing. Rather, it is sub-optimal and self-defeating in the long run and that's why economies that evolve into hierarchical control eventually result in rebellion. And bewilderingly about the last claim, but yes, I know, racism/sexism is sometimes considered irrational by some economists, because, um, you know, it is?