“It’s ok to be white” 4chan campaign.

[TheReal_ND]

Well that was almost an interesting conversation

[DBTrek]

ClubGOP violating the 100 post NAP.
Whose the NAP enforcer around here? Is it Fife?

[TheReal_ND]

There’s a huge difference between schools of social thought and schools of economics. One tends to focus on addressing wide ranging social issues and questions like “is [blank] a necessary part of capitalism?” while the other attempts to create mathematical models in order to address how individuals/organizations react in certain conditions.

You can’t take what I’m talking about and apply it to the Frankfurt school of thought.

Leftist policies? Nah, not in econ. It’s Stanford + Chicago monetarism against Yale + Harvard + MIT keynesians. Or at least it was; econ has become less divided with the introduction of neokeynesian thought but we’re still more “free market” than the saltwater schools.

Yeah I see your point in the distinction being between finding how society works best under capitalism or more like post-capitalism and using mathematical models to predict outcomes. The "what bundle of things makes people happy," talk you presented or whatever seems to have thrown me for a loop there. Otherwise, fuck Keynesianism I guess. I always found Austrian Econ to make more sense.

[Fife]

ClubGOP violating the 100 post NAP.
Whose the NAP enforcer around here? Is it Fife?

Technically, yes.

But, there is some form or another (I understand you can find it online) that you have to file.

Post something direct and I'll ask for a fast-track.

But you know how "fast-track" crap usually goes. Prolly slow it down by x7 factor.

I guess just DM me???

[TheReal_ND]

ClubGOP violating the 100 post NAP.
Whose the NAP enforcer around here? Is it Fife?

Technically, yes.

But, there is some form or another (I understand you can find it online) that you have to file.

Post something direct and I'll ask for a fast-track.

But you know how "fast-track" crap usually goes. Prolly slow it down by x7 factor.

I guess just DM me???

Fast track baby

[Heraclius]

Yeah I see your point in the distinction being between finding how society works best under capitalism or more like post-capitalism and using mathematical models to predict outcomes. The "what bundle of things makes people happy," talk you presented or whatever seems to have thrown me for a loop there. Otherwise, fuck Keynesianism I guess. I always found Austrian Econ to make more sense.

The Austrian School has been thought to be extremely outdated to the point that it's considered borderline heretical to orthodox economics. The school is basically a leftover of what economics was before the 1940s. Economics used to be seen as more of a philosophical field that did address social issues, and it's why the works of Adam Smith and Karl Marx are nearly totally absent of math and instead focus on theory. After WW2 economics was revolutionized to be based entirely on mathematical models and the Austrian refusal to utilize models to express human tendencies made them the black sheep of the economics world.

The bundle line is just referring to the basic understanding of economics (supply and demand). A business chooses what bundle maximizes profit, which is something Marxists would agree with. However, in order to maximize profits a business must choose a price that pleases a large quantity of individuals. This gives the consumers authority on the marketplace and makes economics a balancing act between two general parties, which is something that heavily conflicts with Marxist philosophical thought. There's a lot more that goes into it such as market type and the information a consumer has available, but that's the foundational principle that grounds most economic theory.

[StCapps]

When thinking of the Chicago School of Economics, think Milton Friedman, most definitely not a commie, don't let the Chicago part throw you.

[TheReal_ND]

However, in order to maximize profits a business must choose a price that pleases a large quantity of individuals. This gives the consumers authority on the marketplace

More like tyranized by the masses when Monopolies refuse to provide a market and go out of their way to actively shut down content they don't agree with.

Good post otherwise

[Okeefenokee]

So can any retailer, or media outlet.

Our little fascist has a genuine belief that once a company reaches a certain status, the government should be able to dictate what they do/don't sell/offer and what prices they can/can't charge. He's very firm in his belief that this is the panacea.

You see fascists everywhere. Fascists are pro-loot box.

[SuburbanFarmer]

Yeah I see your point in the distinction being between finding how society works best under capitalism or more like post-capitalism and using mathematical models to predict outcomes. The "what bundle of things makes people happy," talk you presented or whatever seems to have thrown me for a loop there. Otherwise, fuck Keynesianism I guess. I always found Austrian Econ to make more sense.

The Austrian School has been thought to be extremely outdated to the point that it's considered borderline heretical to orthodox economics. The school is basically a leftover of what economics was before the 1940s. Economics used to be seen as more of a philosophical field that did address social issues, and it's why the works of Adam Smith and Karl Marx are nearly totally absent of math and instead focus on theory. After WW2 economics was revolutionized to be based entirely on mathematical models and the Austrian refusal to utilize models to express human tendencies made them the black sheep of the economics world.

The bundle line is just referring to the basic understanding of economics (supply and demand). A business chooses what bundle maximizes profit, which is something Marxists would agree with. However, in order to maximize profits a business must choose a price that pleases a large quantity of individuals. This gives the consumers authority on the marketplace and makes economics a balancing act between two general parties, which is something that heavily conflicts with Marxist philosophical thought. There's a lot more that goes into it such as market type and the information a consumer has available, but that's the foundational principle that grounds most economic theory.