• agamemnonymous@sh.itjust.works
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    11 days ago

    The problem is that it’s basically impossible to isolate economic phenomena. You can conduct a gravity experiment in a vacuum tube, but you can’t make an economic vacuum tube.

    • rockerface🇺🇦@lemmy.cafe
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      10 days ago

      And yet you can still use the basic formula for gravitational movement to calculate stuff with enough precision for everyday life.

      • TubularTittyFrog@lemmy.world
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        3 days ago

        and you know the price of milk when you go to the grocery store. and next week, but you don’t know what it’s going to be a year from now

        and you don’t know it’s wholesale value, or it’s production forecasts on which milk futures are traded. etc.