Maybe the point is such a system that only works on numbers is inhumane and should be avoided? Economics people want to argue within economic frameworks which don’t work well if some assumed market conditions don’t exist. I have never seen reality work quite as described when free market breaks down and MNCs control government policymaking
People don’t like applying economic theory because it reminds us of the core part of being human - I only care about myself and will act in a way that benefits me. Even altruistic people act as they do because they want to disadvantage themselves to help others and you can’t force them to change.
Rent caps are one of those that sound good in theory - like telling ticketmaster to lower the price of tickets, or 0% unemployment. But doing so just means other things suffer.
Maybe the point is such a system that only works on numbers is inhumane and should be avoided? Economics people want to argue within economic frameworks which don’t work well if some assumed market conditions don’t exist. I have never seen reality work quite as described when free market breaks down and MNCs control government policymaking
People don’t like applying economic theory because it reminds us of the core part of being human - I only care about myself and will act in a way that benefits me. Even altruistic people act as they do because they want to disadvantage themselves to help others and you can’t force them to change.
Rent caps are one of those that sound good in theory - like telling ticketmaster to lower the price of tickets, or 0% unemployment. But doing so just means other things suffer.