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Karmaze24 karma
I personally think that behavioral econ is the "future" of economics. You're right, there's never going to be a unified theory. In fact, I'd be willing to say that there's never going to be a unified theory. As soon as you think you have it all figured out, social, cultural and technological changes are going to come along and kick all the dirt up.
This doesn't make behavioral economics less useful, it's actually a strength. There's a lot of big changes that have happened in the economy as a whole over decades.
So I guess here's my question, as a bit of a follow up. Where do you see the biggest places where conventional, mainstream economics is coming up short?
Karmaze16 karma
In my neck of the woods, a significant chunk of my history education had to deal with indigenous peoples as well.
Not that I'm saying that this isn't a problem, but like the comments above, I believe this is much more of a systematic problem than people like to acknowledge, and the things we need to be doing for it, like safe injection sites and legalized prostitution, are entirely off the radar.
Karmaze13 karma
Hey, I think you're one of the smartest guys..well..anywhere. So I want to pick your brain on something.
101-level economics IMO is one of the most foundational backbones of our intellectual culture...however it's painfully out of date. A lot of the assumptions are based around a supply-locked economy..that is demand outstrips supply...rather than a demand-based economy, where supply outstrips demand.
The way I see it, this entirely changes the models. Productivity gains go from being a good thing to a destructive thing, as an example as less labor becomes necessary wages go down, not up. Also, inequality breaks the notion of relatively linear supply/demand curves...making it that one can maximize profit by NOT maximizing production and sales.
Finally, there's the notion that as we've adopted a more technological...both in terms of production and management..business environment, that labor models based around "value-add" are horribly out of date.
So my question is. Am I full of crap? If so, why? And if not, is there any rumblings among economists to reform/edit 101-level Microeconomics into something that is based around a demand-locked economy?
Karmaze12 karma
Have you done any research into the "Crowding Out" effect big media clips have on similar tendencies on the left? I.E. instead of a ton of smaller content being shown, like it is on the right, it tends to be a few big sources? Any thoughts about either how to institute this on the right, or how to end this effect on the left by promoting more independent sources? (Depending on which direction you think things should go)
(I'll be honest, politically and culturally, I think we're just not aware of really what left extremism and conspiracies look like and sound like, speaking as someone on the left. I think the same effect DOES happen on the left, although it's much smaller, and quite frankly, probably more established right now)
Karmaze61 karma
Goes past banking too. I've seen the same thing go down for ISP's.
The problem is that customer service people really shouldn't be doing selling, and especially with any sort of goal or quota. This shit WILL happen, it just a matter of time until when. Want more business? Do a good job at your core competencies and wait until people want more services.
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