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I don't think we have sufficient models as to why each transaction happens or not. For example, why did someone buy blueberries instead of raspberries?
by RandomLensman 2y ago
I don't think we have sufficient models as to why each transaction happens or not. For example, why did someone buy blueberries instead of raspberries?
- thriftwy 2y agoThat's only tangentially related to economics. There are no economic reasons why I prefer TBS to FPS games.
- RandomLensman 2y agoThat is what economics is about in no small part: preferences, their pricing and expression. The pure movement of money isn't particularly interesting.
- thriftwy 2y agoThe pure movement of money is interesting as long as we have economic crashes happening from time to time that we don't predict. Preferences and pricing is marketing, not purely economics.
- RandomLensman 2y agoMovement of money isn't causing crashes, but, for example changes in preferences who to move it to or not. What do you think economics is about if it doesn't include preferences and their expression. Btw., we have nearly endless information on the movement of money and credit.