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Guy selling loosies in NYC killed by police, caught on video, no indictment

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  1. #1
    a500lbgorilla's Avatar
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    himself fucker.
    It appears the math professor couldn't handle the fact that in economics:
    We have models, wherein all the rules and mechanisms are clearly defined;
    We have the real world, where it's a lot harder to boil things down to a few transparent mechanisms.
    We use the former to clarify our thinking about the latter.
    Models are fully-articulated artificial economies where the researcher has full control over the preferences, the production functions, and the trading arrangements. We then figure out properties of those model economies, identify key transmission mechanisms, and poke them to see how they react.
    Then we reason by analogy to the real world.
    And if you think the assumptions don't reflect the real world along some first-order dimension, you build a competing model where you have different trading arrangements, or different utility functions, or different production functions, or whatever. Then you see how far from the benchmark your model takes you.
    This guy gets it. Now if he would only get why she's raising these concerns.
    <a href=http://i.imgur.com/kWiMIMW.png target=_blank>http://i.imgur.com/kWiMIMW.png</a>
  2. #2
    Quote Originally Posted by a500lbgorilla View Post
    This guy gets it. Now if he would only get why she's raising these concerns.
    What concerns? She's not raising any concerns. She has no credibility and has not demonstrated any reason to give her any.

    If I dilly-dallied in introductory physics then left and assumed I fully understood physics, I could point out all the ways in which physics is "wrong", yet I would be the one who is wrong

    I'm a little surprised that you think she has anything important to say. She doesn't. She admits she has no credibility, blatantly strawmans, and produces a shitty rant calling people retards. I have a hard time imagining she looks like anything other than a squawking child to serious economists

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