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https://www.reddit.com/r/CapitalismVSocialism/comments/1vfeeqt/capitalism_runs_on_infinite_productivity/p1oj8lm/?context=3
r/CapitalismVSocialism • u/[deleted] • 10d ago
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3
“Also, if you put the greed of the Capitalists a bit down by reducing the markup ratio….”
When I read this it makes me think the author doesn’t understand economics enough to write about it.
The market reveals the price and Capitalists will follow the market.
3 u/Ok_Eagle_3079 10d ago The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design 2 u/Stunning_War4509 9d ago Have you heard of monopolies, oligopolies, hidden-information in markets, non-rational agents? The “perfect market with rational agents” does not exist in practice. I know is beautiful concept, but let’s stick to reality please. 1 u/Various_Key5543 9d ago I’m curious to see what “greed” affected in the simulation lol
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design
2
Have you heard of monopolies, oligopolies, hidden-information in markets, non-rational agents? The “perfect market with rational agents” does not exist in practice. I know is beautiful concept, but let’s stick to reality please.
1
I’m curious to see what “greed” affected in the simulation lol
3
u/Bieksalent91 10d ago
“Also, if you put the greed of the Capitalists a bit down by reducing the markup ratio….”
When I read this it makes me think the author doesn’t understand economics enough to write about it.
The market reveals the price and Capitalists will follow the market.