4 ms·
>What other model is there? They didn't propose one. Start with Praxeology (the methodology of Austrian economics). Specifically, Mises’ Human Action. The sim
by hammock 2y ago
>What other model is there? They didn't propose one.
Start with Praxeology (the methodology of Austrian economics). Specifically, Mises’ Human Action.
The simple axiom that all preferences are subjective instantly eliminates a lot of the foundation of micro (and macro) economics as it is typically taught today.
- gradschoolfail 2y agoIn other words, “All preferences are subjective but some ikigais locally align (or at least have positive inner product*)” ? In yet further words, Each of us would like to find our ikigai-trading neighbors so as to figure out the pareto-optimal way to move forward in cluster[-fuck]s [for that profane diversity-curious outsider take] *i see that theHeisenberg uncertainty principle was codependency injected[0] into section 5[1] — a negative example of the very point? [0] https://en.wikipedia.org/wiki/Human_Action#Summary https://en.wikipedia.org/wiki/Human_Action#Summary [1] 5 Causality as a requirement for human action
- selfhoster11 2y agoI had to have an LLM explain this to me what in the world this comment means, but I take it as a positive. Every day is a school day, and I'm glad I don't need to do two hours of background reading to decode this to my satisfaction.
- 082349872349872 2y agohttps://cdn.mises.org/Human%20Action_3.pdf https://cdn.mises.org/Human%20Action_3.pdf p139, under slight substitution (keeping in mind that Mises wrote in 1940) > The accomplishment gratifies [the grad student] neither mediately nor immediately. It does not gratify him mediately because his fellow men at best are unconcerned about it, more often even greet it with taunts, sneers, and persecution. Many a [grad student] could have used his gifts to render his life agreeable and joyful*; he did not even consider such a possibility and chose the thorny path without hesitation. The [grad student] wants to accomplish what he considers his mission, even if he knows that he moves toward his own disaster. see also footnote 23? (would Rao call Mises' geniuses Clueless or Losers?) * it furthers the great man to enjoy the life of the sage?
- gradschoolfail 2y agoI do respectfully interpret {pg,tlb,rtm} as preferring to become genius hunters that fail well to remaining grad students that succeed badly.. (Thanks for reminding me of the cases of Niedermeyer and Takesaki, more appropriate to remember as them grad students rather than geniuses?) Albeit the more apt metaproblem would be the one of enabling these “grad students” to hunt “genius projects” in teams. not sure if YC itself was meant to be this kind of genius project— i cant tell if that project proved its salt by seducing the {OGs} with a barrage of noble, monastic yet fecund suffering… perhaps not, since they kinda moved on to comfortable spiessig lives (as have their successors, mostly) :::: vM (good or bad faith?) sidestepped the “Rao Normalization” issue by citing only nonSTEM “geniuses”, YC embraced 2 rounds of “Rao Normalization”: “finding our ikigai by hiring G/GS to find what pple want”
- gradschoolfail 2y agoEdit: Rao-Sturgeon Normalization Lagniappe: https://archive.ph/G5nXO https://archive.ph/G5nXO Cultural revo for the old c. :=> wardriven emigration to the relatively hilly Eastcoast >these prizes give me the willies … use… the money to help grad students Echoes of JZY’s straight hook… (Compare with the ineffective ennoblement of vM’s or Volodya illyich’s line)
- 082349872349872 2y agohttps://www.geni.com/people/Mayer-Rachmiel-von-Mises-Edler/6000000010502069585 https://www.geni.com/people/Mayer-Rachmiel-von-Mises-Edler/6... looks like a railroad Macher (railroads were for my family what textiles were for my wife's; both techs were spiritual predecessors of inkering) EDIT: helping grad students reminds me of the ending to Двенадцать стульев ! Lagniappe: https://www.youtube.com/watch?v=wcGnYLVixeY https://www.youtube.com/watch?v=wcGnYLVixeY (pastiche of « La Danse Apache » ) VIU? Am I missing something? I see an embalming but not an ennoblement?
- gradschoolfail 2y ago
- millimeterman 2y agoStart with Praxeology (the methodology of Austrian economics). "Start with a fringe ideology that explicitly rejects empirical evidence" is not exactly a good start. The simple axiom that all preferences are subjective instantly eliminates a lot of the foundation of micro (and macro) economics as it is typically taught today. No? If anything, econ 101 classes are basically Austrian economics classes due to how many idealized simplifying assumptions are made. And subjective preference curves are the entire basis of the supply/demand graphs that econ 101 students are bombarded with.