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I do. Do we think economists are actually generating this understanding? I'd be curious to know about policy changes which have been the result of non-obvious i
by bensyverson 1mo ago
I do. Do we think economists are actually generating this understanding? I'd be curious to know about policy changes which have been the result of non-obvious insights from the field of economics.
- tao_oat 1mo agoI think it's one of our better attempts to understand a very large complex system! I think it's inherently very hard to do. I do think you can critique a lot of things about the field and ideology, and so on, but I don't think that's an inherent problem of economics. > non-obvious I'd maybe question this a bit. I suspect that many things we consider obvious are only so because of the field of economics -- but that's admittedly only an initial hunch.
- pixl97 1mo agoI mean, economics is a study in self modifying systems that change based upon what you learn about them. Much like chaos theory wasn't something we innately understand, the same is true for economics. Hence economics is a probabilistic field. The things that occur have a probability behind them. Instead of a policy that needs X to happen the policy can be adapted to "If A then B, if X then Y".
- SR2Z 1mo agoHave you heard how FCC spectrum auctions work?