@austrosillyism

THE chief economist of NYC (trust) Paperphile (loves reading papers) who loves eating meat (sorry vegans) Hayekian microfoundations & Kirznerian insight

 Tokyo-to, Japan
dreamymoon.substack.com
Joined February 2024
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Econometric Policy Evaluation: a critique
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Clearly false. How will AI be able to take the jobs of “socialist” and “Austrian” heterodox figureheads in ersatz think tanks who argue that Capitalism is unsustainable if we don’t do degrowth/adopt the gold standard?
anpaure
@anpaure
5h
terence tao is obviously completely right, and so are the top mathematicians signing the letters what happened to mathematics will happen to *everything* soon enough, if you don't feel any empathy for them now, you're in for a very rude awakening
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Nikolai Rostov 🇦🇹🇺🇸 retweeted
Nikolai Rostov 🇦🇹🇺🇸
@austrosillyism
6h
MARK YOUR Calendars! If everything goes as planned, @sigmahamster2 and I will be interviewing @VincentGeloso Vincent Geloso from 7:20-8:20 pm on Wednesday October 21st, pertaining to Cuba, synthetic control methods, private “public goods”, and other parts of his scholarship.
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MARK YOUR Calendars! If everything goes as planned, @sigmahamster2 and I will be interviewing @VincentGeloso Vincent Geloso from 7:20-8:20 pm on Wednesday October 21st, pertaining to Cuba, synthetic control methods, private “public goods”, and other parts of his scholarship.
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Nikolai Rostov 🇦🇹🇺🇸 retweeted
Nikolai Rostov 🇦🇹🇺🇸
@austrosillyism
21h
I wish to direct your attention towards a paper at least I believe is very often neglected. Milton Friedman, as you may know, is often known for his political advocacy and his television programme, but he did write a great deal of academic work. Here, he defends the assumptions of the Marshallian demand function against the Hickisan and Walrasian one.
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Bruh this hate doesn’t even make sense anymore
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AJ@neojedjdp
13h
NiKKKolai ToSStov is in my comment section. I hope he doesn't drag out the discussion, though I'm prepared for a longer exchange.
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I wish to direct your attention towards a paper at least I believe is very often neglected. Milton Friedman, as you may know, is often known for his political advocacy and his television programme, but he did write a great deal of academic work. Here, he defends the assumptions of the Marshallian demand function against the Hickisan and Walrasian one.
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more replies
But if real income is the same, we get a demand curve AA, and at prices less than Pm, prices of other commodities must keep real income the same, which means resources must be released, just enough so that final equilibrium will land on the demand curve we constructed.
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So to summarise it simply, Friedman’s view of the marshallian demand curve is that it must take into equality the preferences of purchasers considered, their real income, and the price of every closely related commodity.
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