United orders 50 new Airbus long-range jets to replace Boeing 757s

Re:United orders 50 new Airbus long-range jets to replace Bo... by theli0nheart on Wednesday December 04, 2019 @10:52AM (#21703200)

I can't think of a single broad economic axiom or theory that doesn't depend—wholly or in-part—on the principle of ceteris paribus, which excludes their practical application to essentially everything in real life.

In a few cases, economic theories do a passable job of roughly mirroring real-world behavior, but that's the exception and not the rule.

[ Parent | on HN ]

Re:United orders 50 new Airbus long-range jets to replace Bo... by whatshisface on Wednesday December 04, 2019 @11:22AM (#21703506)

>on the principle of ceteris paribus, which excludes their practical application to essentially everything in real life.

When a principle is violated marginally, conclusions made based on the principle are themselves violated marginally. You can't write off chemistry because relativistic effects violate the conservation of mass any more than you can write off economics because no two soup cans are identical.

[ Parent | on HN ]

Re:United orders 50 new Airbus long-range jets to replace Bo... by theli0nheart on Wednesday December 04, 2019 @11:26AM (#21703550)

Economics waves off secondary effects at an entirely different level than Chemistry.

[ Parent | on HN ]