Comment on It's barely a science.

• HeyThisIsntTheYMCA@lemmy.world ⁨1⁩ ⁨week⁩ ago

  first: neither brittanica nor investopedia are run by or written by economists. those images were made, probably in excel first, they’re terrible, and then considered done. how much longer does it take to get a set of curves that line up precisely in the center versus a set of straight lines that line up precisely in the center? especially when the point you’re trying to illustrate with your diagram is not (a) the more realistic shape of the utility curves that define the supply and demand curves, but is in fact (b) the equilibrium point at the intersection. it takes a lot longer to get the curves right, right? and that’s not the important part of the model! better to just save 15 seconds and use straight lines, you can illustrate the curves on another diagram

  that is how economists think

  that is why those stupid images are there.

  source
• Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨week⁩ ago

  Economists make it linear again.

  opportunity-cost-definition.png

  source

  • HeyThisIsntTheYMCA@lemmy.world ⁨1⁩ ⁨week⁩ ago

    real economists do better

    source

    • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨week⁩ ago

      Hilarious.

      Check out the supply/demand Figure 4-8 on page 80

      Economists can’t handle non-linear relationships.

      Prosecution rests.

      source

      • HeyThisIsntTheYMCA@lemmy.world ⁨1⁩ ⁨week⁩ ago

        what is it trying to illustrate in the model?

        source

        • -> View More Comments