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Roman's Attic's avatar

This isn’t super related to the topic of the article (sorry), but the “economics says everyone is rational and that’s wrong” quote in point number 6 made me think of a few things I heard this past month.

The first is a valuable piece of advice I’ve received:

“Theoretical models (economics or otherwise) are not taken seriously enough. Models are simplifications of reality, the world is too complex to have anything but a model of how it works. Some people dismiss models as a matter of principle because the world is too complex, but they just use worse models as a result. Other people read models too literally and then dismiss them. Take models seriously, not literally, and focus on whether or not the simplifications help you think clearly about the relevant thing you're trying to understand.”

The second is a quote from the econ blogger Noah Smith, talking about non-economists’ tendency to occasionally call the discipline “not a real science.”

“[E]conomists have developed some theories that really work. A good scientific theory makes testable predictions that apply to situations other than those that motivated the creation of the theory. Slowly, econ is building up a repertoire of these gems. One of them is auction theory, which predicts how buyers will bid for things like online ads or spectrum rights -- Google’s profits are powered by econ theory as much as by search algorithms. Another example is matching theory, which has made it a lot easier to get an organ transplant. A third is random-utility discrete choice theory, which is used in everything from marketing to transportation planning to disaster preparedness.

Nor are econ’s successful theories limited to microeconomics. Gravity models of trade, though fairly simple in nature, have proven very successful at predicting the flow of international trade.

These and other successful economics theories can be used confidently in a wide-variety of real-world situations, by policy makers, engineers and businesses. They prove that anyone who claims that econ theories will never be reliable, because they deal with human beings instead of atoms, is simply incorrect.”

Finally, I want to add that the behavioral economists (well, basically founders of the field of behavioral economics) Daniel Kahneman and Amos Tversky have put a ton of (Nobel prize-winning) work into looking at the role of irrationality in people’s actions, and their paper on Prospect Theory is one of the most cited papers in economics and established our understanding of multiple cognitive biases. And they’re not the only ones doing this; behavioral economics is an ever-growing discipline.

Anyway, I hope these were interesting thoughts/pieces of information for anyone reading.

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Underemployed Grad Student's avatar

"Little DIY spirit for art. People in leftist spaces wait for works like Andor to drop from heaven as opposed to making leftist art { on second thoughts, maybe I am unwise to suggest this… }"

I find this one confusing. The works aren't "dropping from heaven", the reason why so much contemporary art has leftist themes is because the writers working on them are leftists.

Off the cuff examples: Parasite, The Boys, Andor, Spiderman into the Spiderverse, Train to Busan, The Wire, Both Knives Out Movies, 12 Years a Slave, Moonlight, Don't Look Up, The Lorax, The Incredibles. All of these have some kind of leftist political sentiment attached to them (though varying in how much it is emphasized).

By contrast, I can't think of a single serious artistic work this century that has themes that are clearly aligned with a Conservative agenda or worldview. At best you could point to Cormac McCarthy, but all of his best works are from the 20th century and although he was a Conservative they are mostly apolitical anyway.

As somebody who grew up in a Conversative household (and used to be conservative) I was always jealous that leftists got so many great works that reflected their worldview and Conservatives had nothing more recent than A Clockwork Orange. And no, I don't count Daily Wire movies.

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