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Re:Workers Are Getting a Bit More of the Economic Pie (and S... by antisthenes on Tuesday May 03, 2016 @02:38PM (#11623123)
It isn't a fallacy if you have even a basic understanding of economics.

Unfortunately, most of the layman discourse on the internet seems to blindly follow the mantra of an infinitely expanding economy.

While that may be true on an infinite timescale, in the short and medium runs (scale of economic cycles), the pie is indeed fixed.

Re:Workers Are Getting a Bit More of the Economic Pie (and S... by djschnei on Tuesday May 03, 2016 @02:44PM (#11623166)
I'm a fellow at one of the largest economic think tanks in the world. I've been studying various schools for 25+ years. I have a basic understanding. "On an infinite timescale"? That is literally meaningless. Show me ANY time scale where the pie has been fixed and I'll go away.
Re:Workers Are Getting a Bit More of the Economic Pie (and S... by logfromblammo on Tuesday May 03, 2016 @03:27PM (#11623493)
Planck time. 1e-44 seconds.~

Fluctuations in the mass of the pie at shorter intervals would appear to observers within our universe as discontinuous jumps between discrete quantities of pie. Therefore, during that interval, the pie is fixed.~

Now go away.~

On a geologic timescale, pie has just appeared out of nothing, and is now covering the entire planet. On an infinite timescale, by naive extrapolation, the pie will in the future be expanding faster than the universe itself, to the point where a wafer-thin bite of pie will expand and rupture the esophagus before peristalsis can even push it into the stomach, and persons dying from attempted pie consumption will literally explode in a shower of pie.~

Clearly, the parent post was substituting a hyperbolic term for the longest possible economic timescale, where new technologies may be invented and entirely new supply chains built based upon them. It is easy to claim that at that scale, economic growth will continue without bound for as long as human ingenuity can conceive new ideas.

At shorter scales, the observable size of the pie does sometimes shrink. And if there are periods when it grows, and periods when it shrinks, then logically, there must be periods when it remains the same size, even if those periods are very short.

Re:Workers Are Getting a Bit More of the Economic Pie (and S... by djschnei on Tuesday May 03, 2016 @06:05PM (#11624632)
First off, bravo. I laughed :)

I would assert that if something is constantly going up, down, or holding steady at intervals that are largely "random", than it could hardly be considered fixed.

Re:Workers Are Getting a Bit More of the Economic Pie (and S... by Retric on Tuesday May 03, 2016 @03:00PM (#11623282)
To two digit accuracy: Today, May 3rd 2016.

This is relevant in the case of disasters as you don't have time to meaningfully increase the number of Generators available etc.

Re:Workers Are Getting a Bit More of the Economic Pie (and S... by hellogoodbyeeee on Tuesday May 03, 2016 @03:40PM (#11623578)
The pie is fixed in the short run, which is why the supply curve slopes upwards.
Re:Workers Are Getting a Bit More of the Economic Pie (and S... by djschnei on Tuesday May 03, 2016 @06:01PM (#11624599)
[Facepalm]