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In neoclassical economics, there are no local maxima, because it would make the math intractable and expose how much of a load of bullshit most of it is.
by imtringued 3y ago
In neoclassical economics, there are no local maxima, because it would make the math intractable and expose how much of a load of bullshit most of it is.
- foobiekr 3y agoYep. This. It’s impressive how communication is instantaneous, unimpeded, complete and transparent in economics. Those things aren’t even true in a 500 person company let alone an economy.