Replying to Avatar Sasha

Traditional Econ needs a serious update. It assumes consumers are rational, which is severely off base from current reality (thank you marketing!)

It also assumes the households (not firms) own the means of production, which is also, severely off base from current reality

Unless you want to count like 100 households out of billion as “households”

We call them family offices now. They’re not households.
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Zach⚡️ 2y ago

Well, the book is only a couple months old!

Also, it’s objectively useful 😉

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Sasha 2y ago

I’ll check it out but all that traditional Econ has helped me with is seeing just how much needs to be updated in legacy subject matter principles

It’s sooo far from the current reality

And any one who tries to publish anything that doesn’t reinforce legacy subject matter principles will never get read until they’re dead

(Unless you’re a fiction writer and decide to designate your ideas as “fiction”)

That’s why the computer engineering community is “up” right now, because it was comprised of people who weren’t afraid to update legacy because they exist in a space where there is no legacy

They will hit a legacy “wall” at a certain point though, I’m sure, everything does