tag:blogger.com,1999:blog-7464708.post7178794129302436211..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: Why The World Needs EconomistsMungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7464708.post-84381331858533322762013-03-01T05:22:13.193-05:002013-03-01T05:22:13.193-05:00The world is talking about the deflationary recess...The world is talking about the deflationary recession at this movement. If we have a good economist many small businesses can servive. Also, many people will loose their jobs because of recession. So, a good economist can help us out in this manner. Emilia Nolettehttp://www.i3group.com.aunoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-15278958022275427172013-02-21T14:11:31.357-05:002013-02-21T14:11:31.357-05:00"being trained in economics puts a pretty tig..."being trained in economics puts a pretty tight limit on how much stupid crap you can say"<br /><br />Oh, dear. Let's not leap from one anecdote to this ... appalling display of naivete. Need I mention certain columnists as counter-examples?<br /><br /><br /><br /><br /><br />enoriverbendnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-76480640651867853212013-02-21T11:40:15.803-05:002013-02-21T11:40:15.803-05:00What isn't clear to me.
1. Was the presenter ...What isn't clear to me.<br /><br />1. Was the presenter who made the original claim an economist?<br /><br />2. What this economist actually did to help the world. Was someone going to actually break up large farms?<br /><br />3. Whether economists as a group have done more harm than good.Sethhttp://ourdinnertable.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-2127982858300420262013-02-21T11:24:12.302-05:002013-02-21T11:24:12.302-05:00Great, now just explain to the Occupy crowd that t...Great, now just explain to the Occupy crowd that the same applies to banks, and we'll really get somewhere.A leap at the wheelnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-48292385821609738622013-02-21T10:43:28.982-05:002013-02-21T10:43:28.982-05:00Yep, I'll buy that, August. The scale of farm...Yep, I'll buy that, August. The scale of farming is too large, because of subsidies and entry barriers.<br /><br />But we don't need to break up the large farms. We just need to cut the subsidies. Optimal scale will still be pretty large.<br /><br />Nonetheless, you make a good point, and I thank you for it!Mungowitzhttps://www.blogger.com/profile/02340064320347875601noreply@blogger.comtag:blogger.com,1999:blog-7464708.post-84212257870436554172013-02-21T10:03:46.045-05:002013-02-21T10:03:46.045-05:00I think I have a good economic reason to disagree,...I think I have a good economic reason to disagree, but given my hazy recollection of college, I am not sure. Let me know if I am wrong.<br />Anyway, I remember the term 'economies of scale' and I also remember something about companies wanting to make sure their marginal cost equaled their marginal revenue. So, one day when I was arguing with some progressive, I realized his policies were actually responsible for what he hates. In this case, he hated Walmart. So, these progressives use government to put all sorts of costs on business. The government interference raises total cost, thus to make marginal cost equal to marginal revenue, Walmart and other huge operations were born. Walmart spreads all that government generated cost out over billions of transactions, while the Mom&Pops don't see that many transactions in a lifetime. In farming, it is even worse because the subsidies provided means government isn't just a cost, but in many cases a client. Government bets on Solyndra and GMO soy beans, while the free market says no thanks.<br />So, it seems to me there is an economic reason to assume most modern businesses are actually bigger thanks to big government and that the first step to make anything 'sustainable' would be to remove all these costs so that businesses could find the correct scale. In any case, it's a fun argument to have with the sustainability crowd. <br />Augusthttps://www.blogger.com/profile/08758314961163692341noreply@blogger.com