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by PaulDavisThe1st 478 days ago
> You are disregarding supply and demand because it's not a 100% bullet-proof model

I didn't any suggestion to "disregard" the "law of supply and demand". I saw a suggestion that whatever kind of "law" this is, it is a very different kind of thing than a law of physics, to which a comparison was being made.

> Any model that tries to predict human behaviour will be imperfect, we all know that.

Yet we can rarely even bound the actual scale of the imperfection, so discussing "laws" of economics as if they are in some way similar to the law of gravity seems a little silly.

1 comments

It's not different, it just has more parameters