alt Hacker NewsAh yes, that 150 year old meme reflexively copy-pasta'd by internet commenters since the days of usenet to refute basic concepts like supply and demand.
"Lol economists are dumb they think humans are robots!"
No they don't. Sorry, we won't be throwing away an entire field of human endeavor based on a straw man caricature that isn't true.
We don't call physicists dumb and throw out their ideas because the real world isn't a perfect vacuum either. They know this, don't be silly.
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datsci_est_2015 • today at 12:04 PM
I mean “Econ 101” is an equally dumb meme. The laws of supply and demand have their limits, otherwise there would be nothing to study after Econ 101.
We do throw out everything from physics 101.
The movement of satellites is not modeled using distance = speed * time. It would do well to consider if econ 101 is an accurate way to model the world since for other domains the 101 course is not.