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Re:Sovereign writers and Substack by gnicholas on Monday March 22, 2021 @07:15PM (#26548761)
Reminds me of a quote from an economics professor, whose high salary was questioned by someone from another discipline.

"The university doesn't determine my salary; the market does that. The university only decides the city in which I earn it."

/paraphrase

Re:Sovereign writers and Substack by wmf on Monday March 22, 2021 @07:29PM (#26548905)
But the market was invented by economics professors...
Re:Sovereign writers and Substack by prepend on Monday March 22, 2021 @07:49PM (#26549092)
Discovered maybe, but certainly not invented.
Re:Sovereign writers and Substack by DiggyJohnson on Monday March 22, 2021 @08:28PM (#26549392)
This is actually debated. Check out DG’s book on the history of debt.
Re:Sovereign writers and Substack by over_bridge on Monday March 22, 2021 @08:27PM (#26549382)
Don't even pretend that the market is some sort of natural phenomenon. That's got human fingerprints all over it
Re:Sovereign writers and Substack by jiriknesl on Tuesday March 23, 2021 @01:12AM (#26551358)
Of course, market is natural phenomenon. Every process with pressure, suction and or differences of potential is trying to achieve equilibrium. Electricity, hydraulics, they all manifest the same principles. Except that in nature, it's driven by pure physics. With people, you need to understand value and it's more generic. One step more generic from physics, is cybernetics. And market is a cybernetic system with difference of energies trying to achieve equilibrium.
Re:Sovereign writers and Substack by geomark on Monday March 22, 2021 @09:22PM (#26549821)
Humans aren't a natural phenomenon?
Re:Sovereign writers and Substack by solveit on Monday March 22, 2021 @10:35PM (#26550360)
Could you define "market" because I don't think you're using the word the way I would use it.
Re:Sovereign writers and Substack by prepend on Monday March 22, 2021 @11:11PM (#26550589)
Markets exist in nature with the whole “seeking equilibrium” of so many natural systems (eg, chemical reactions).