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Redleg

(6,750 posts)

11. Many concepts are abstract but need not be ignored

Reply to -misanthroptimist (Reply #10)

Tue Nov 18, 2025, 06:29 AM

Yesterday

We live in an economy where we exchange our labor for pay and we use that pay to purchase things we value. Are values subjective? Certainly. Do we want to negotiate the price of everthing we buy? Not likely.

While I agree with your point that our current system has failed a good number of people, I don't really understand where your argument leads.

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Are We Humans or Homo Economicus? Why Economics Needs to Evolve Beyond Growth [View all] Celerity Friday OP

Captive chimpanzees do that. I wonder what they do Phoenix61 Friday #1

Seriously, why do we need economics at all? -misanthroptimist Friday #2

Fretting about the costs is pointless? Redleg Friday #5

Cost is an abstract and limited construct -misanthroptimist Friday #7

It seems a big gulf between "ignoring costs" and the notion that "the entire idea is antiquated and unnessary" Redleg Sunday #9

"Cost" is indeed an abstract. -misanthroptimist Monday #10

Many concepts are abstract but need not be ignored Redleg Yesterday #11

Well worth the read leftstreet Friday #3

A good number of the more recent winners addressed the limitations of rationality Redleg Friday #4

Not sure it's valuable in the framework of Capitalism leftstreet Friday #6

I don't understand your point Redleg Sunday #8

Good Read malaise Yesterday #12