"The proper test of a theory is not the realism of its assumptions, but the acceptabiity of its implications"-- William Forsyth Sharpe, Nobel Prize Winner
LOL, I gotta remember this for the next time I choose to tell a beautiful/white lie instead of the ugly/hard truth-- it never occurred to me that neo-classical economics works just like American politics...
Steve, you make me feel really bad about "aggregating" all those individual curves (to "derive" market curves) in my exams back then!
@ApocalypticAang As my dad once said to me... "nah mate you don't wanna do that, they're just politically motivated statisticians. If you really wanna know how the world works study history"
hey I'm normal!
dvdholden 6 months ago
"The proper test of a theory is not the realism of its assumptions, but the acceptabiity of its implications"-- William Forsyth Sharpe, Nobel Prize Winner
LOL, I gotta remember this for the next time I choose to tell a beautiful/white lie instead of the ugly/hard truth-- it never occurred to me that neo-classical economics works just like American politics...
Steve, you make me feel really bad about "aggregating" all those individual curves (to "derive" market curves) in my exams back then!
ApocalypticAang 6 months ago
@ApocalypticAang As my dad once said to me... "nah mate you don't wanna do that, they're just politically motivated statisticians. If you really wanna know how the world works study history"
justnotcricket 6 months ago