Re:Is the world economy entering a wage-price spiral?
by SantalBlush on Tuesday October 19, 2021 @09:44PM
(#28925880)
When people are discussing economics within the framework of economic theory, it's a bit silly to invoke "Homo Economicus doesn't exist" this far down the thread in some apparent attempt to discredit one side.
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Re:Is the world economy entering a wage-price spiral?
by sanedigital on Thursday October 21, 2021 @11:30AM
(#28945884)
I disagree, painting policy issues with a simple brush of "calculate X & Y and see which is bigger" completely ignores the behavioural components at play. Homo Economicus might respond to financial incentives as expected, but in the real world they can motivate (or demotivate) in ways that aren't captured in those calculations.
Re:Is the world economy entering a wage-price spiral?
by SantalBlush on Thursday October 21, 2021 @02:41PM
(#28949135)
My point is that you seem to be applying your argument selectively. This whole thread is about "Homo Economicus".
Re:Is the world economy entering a wage-price spiral?
by sanedigital on Tuesday October 26, 2021 @09:55AM
(#29000407)
Disagree again, GP's comment was specifically reframing the conversation around an individual's actual ability to respond "rationally" in a real-world situation.