Adam Smith came up with it. It’s also how actual economists use it. Don’t confuse that with how business majors, politicians, and generally peddlers of institutionalised market failure use it, they’re doing the 1984 “war is peace, freedom is slavery” thing.
barsoap@lemm.ee 6 days ago
Adam motherfucking Smith’s. He pioneered rational choice models in general.
lud@lemm.ee 5 days ago
And why should I listen to someone that defines a word differently than everyone else?
barsoap@lemm.ee 5 days ago
Adam Smith came up with it. It’s also how actual economists use it. Don’t confuse that with how business majors, politicians, and generally peddlers of institutionalised market failure use it, they’re doing the 1984 “war is peace, freedom is slavery” thing.
lud@lemm.ee 5 days ago
Can you point to a few examples of economists using it? Obviously I won’t count Lemmy users.