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by knowknow
455 days ago
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Then how would you expect an economist to study it, go to restaurants and report their opinions? The comment i was replying to is essentially being snarky that economist are doing what they’re supposed to. Seeing and explaining economic trends. |
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Unironically yes. There are dimensions other than raw profitability that determine the health of a sector. The work that chicago school economists do flattens everything onto just a financial axis, which is harmful in my opinion. What do I care about the "productivity" of the restaurant sector when all the food tastes like shit?