Utility.... fetish | 51 comments (51 topical, editorial, 0 hidden)

It is just debasement--there is overuse.

Folks who hope to explain everything with a few simple rules tend to omit a LOT if the situation is complex. The desire for economics to find ONE economic motivation for human behavior is why Neo-Classical economics can be most accurately described as a lame theology.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Wed Jul 18th, 2007 at 06:21:47 PM EST
[ Parent ]

Re: Utility.... fetish (none / 1)

It is NOT just debasement

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Wed Jul 18th, 2007 at 06:22:46 PM EST
[ Parent ]

Re: Utility.... fetish (4.00 / 4)

The one-dimensionality and compartmentalisation of economic models is really depressing. It would seem that they come up with toy models that can be represented neatly on a two-dimensional graph for pedagogical purposes, and then they forget to progress to more realistic models. And that's being charitable.

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Wed Jul 18th, 2007 at 07:00:10 PM EST
[ Parent ]

Utility.... fetish | 51 comments (51 topical, 0 editorial, 0 hidden)

Top Diaries

Pentecost steam

A Nomad's Life (A Farewell)

Newspeak to English pocket dictionary

Standing on the Shoulders of Giants - Europe and the Mongol...

Quantifying Utopia: A UBI Calculator for the USA

Simple Solar Principles

Rail News Blogging #24

Ferguson hates on Keynes

Recent Diaries

Pentecost steam

Simple Solar Principles

Quantifying Utopia: A UBI Calculator for the USA

Newspeak to English pocket dictionary

Standing on the Shoulders of Giants - Europe and the Mongol...

Rail News Blogging #24

A Nomad's Life (A Farewell)

The Brussels Consensus: economic disaster in EU candidate...

Origins of German Neo-Austerianism

Ferguson hates on Keynes

Dionysian revels: Nice, May Day 2013:

Anglo Or Not, It's A Disease

The UK and the Euro

Free Energy: Solar and Dynamo LED Keychain Lights

Kruganomics 101

Gold

Corporate Profits and Aggregate Demand

VC Investment: Then and Now

An Ambush of Wishful thinking and Cargo Cult law.

The Intellectual Foundations of Austerity destroyed

Occasional Series