In the hardcore contemporary literature you’re mostly see more precise language such as perfect competition, (theoretical) situations which are pareto-optimal, which is built on Adam’s rational choice models. The maths became more solid, the idea didn’t change.
And FFS read The Wealth of Nations and see what he thought of monopolists he’d consider our billionaires to be no different than the Kings of old.
barsoap@lemm.ee 5 days ago
In the hardcore contemporary literature you’re mostly see more precise language such as perfect competition, (theoretical) situations which are pareto-optimal, which is built on Adam’s rational choice models. The maths became more solid, the idea didn’t change.
And FFS read The Wealth of Nations and see what he thought of monopolists he’d consider our billionaires to be no different than the Kings of old.
lud@lemm.ee 5 days ago
You honestly seem obsessed with that adam dude.
I think your problem is that you seem to think that “perfect” mathematical models will ever work in real life.
barsoap@lemm.ee 5 days ago
I said the exact opposite the whole thread. Are you confusing me with a capitalist or something.
lud@lemm.ee 5 days ago
It’s all you talk about though.
No one cares about Adam when his ideas are frankly stupid. Or at least how you describe them. He might be a solid dude.