4 ms·
But why simplify it into a simple supply and demand curve when at the end it means nothing because you did not include all the other important factors?
by flakeoil 3y ago
But why simplify it into a simple supply and demand curve when at the end it means nothing because you did not include all the other important factors?
- lotsofpulp 3y agoThe root causes are still supply and demand. The time lag is not going to change that, it just changes how forward looking you need to be (or how much lower your expectations of hitting your target should be).
- sobellian 3y agoAll models are wrong, some are useful. I took EE in college. Circuits are laughably more complicated than a linear circuits class might lead you to believe. Other engineers are taught the drag equation. It technically includes "all the other important factors" but only because they stuff it all into the drag coefficient. Back to EE. In fields and waves you are shown how light is a wave. They don't take the opportunity to jump into a full unit on QM. For pedagogical reasons people teach foundational concepts first. In this thread there seem to be many people who are unaware of what actual economists do, what they are capable of, but are quite confident they have it all wrong.
- kelseyfrog 3y agoThe human mind naturally seeks clarity and confidence over correctness. Once you realize this, this and much more make a lot more sense.