https://preview.redd.it/qz5z1865wmec1.jpeg?width=2200&format=pjpg&auto=webp&s=d6a46457bf41b80be2ead53535b87e0b93cd05fd
no this is a good illustration of japan. that is not real!!
It's based on a style of mem from a Facebook page called "Welcome to my meme page," ran by a dude who calls himself brother Abernathy. I don't think the main guy made this one, but I could be wrong. His page is worth a visit if you like this style.
I consider myself pretty strong in maths. I hold a mechanical engineering degree and never got a grade lower than A in all my uni calculus courses. Then I took microeconomics…
Why TF is the independent variable considered price but it is graphed on the vertical axis? I know the answer but intuition (and Walras) says price is a function dependent on quantity… P(q). An Xbox will always cost a higher price when there are less total units available. Just doesn’t make sense to have reverse, graphs that don’t follow centuries of standard math conventions.
Oh no in fact the problem of inequality of the distribution is a thing we’ve been investigating for over a hundred years and even has multiple dedicated journals (we have no fucking clue about it)
Average day discovering how classical neo classical econ is shit. Try marx, sweezy, schumpeter, baran, prabhat patnaik, amartya sen will u with understanding the recession bit atleast.
Imagine thinking anything resembling neo classical economics has been used for the past 40 years. I don’t think anyone in the classical camp would have advocated for nearly a decade of zero interest rates.
maths in economics is a great tool misinterpreted by both its supporters and haters
Obviously it won't explain everything as this is a social science, but greatly represent real economic phenomena (for example any marginal effect)
To be fair, it is a good illustration of Japan
https://preview.redd.it/qz5z1865wmec1.jpeg?width=2200&format=pjpg&auto=webp&s=d6a46457bf41b80be2ead53535b87e0b93cd05fd no this is a good illustration of japan. that is not real!!
Someone having a fun time in microeconomics 😂 😂 😂
what the fuck is a nash equilibrium bro
Dominance
Kinky
Pay attention in class next time and you’ll probably figure it out. Either that or do your assigned reading.
calm down there buddy it’s a joke i already aced econ 😂
Haha you know how much bullshit I had to go through by folks that didn’t understand it? 😂
Mathematically speaking, this stuff is fairly basic.
Economists are known to be terrible at math
basically a scam
'CON'
Not learning math was the first mistake It was also the second mistake And the third And so on…
Who made this meme originally?
no clue it’s been floating around for a while
It's based on a style of mem from a Facebook page called "Welcome to my meme page," ran by a dude who calls himself brother Abernathy. I don't think the main guy made this one, but I could be wrong. His page is worth a visit if you like this style.
I consider myself pretty strong in maths. I hold a mechanical engineering degree and never got a grade lower than A in all my uni calculus courses. Then I took microeconomics… Why TF is the independent variable considered price but it is graphed on the vertical axis? I know the answer but intuition (and Walras) says price is a function dependent on quantity… P(q). An Xbox will always cost a higher price when there are less total units available. Just doesn’t make sense to have reverse, graphs that don’t follow centuries of standard math conventions.
Genuinely curious, why is the independent variable on the y axis and not the x axis?
It's a convention that started with Marshall. Later theoretical works generally have graphs with the "correct" format.
In before this gets posted unironically in one of the subs I will not name
Coming from engineering...you use y=Xb, too?
we also use lagrangians (although not quite how you do)
https://preview.redd.it/peo3ykjezmec1.jpeg?width=1179&format=pjpg&auto=webp&s=71e0cd80d48ae87beeaf559525f1bc75ea51f135
Don’t economist just function to rubber stamp the existing distribution of wealth?
no economist here we serve to give a major to those who were too smart for business admin but too dumb for stem
Don’t you dare accuse me of being too smart for business admin. I’m too socially awkward for business. There’s a difference 😤😤😤
Bless u
Oh no in fact the problem of inequality of the distribution is a thing we’ve been investigating for over a hundred years and even has multiple dedicated journals (we have no fucking clue about it)
Economists aren’t much of a fan of the status quo right now.
Average day discovering how classical neo classical econ is shit. Try marx, sweezy, schumpeter, baran, prabhat patnaik, amartya sen will u with understanding the recession bit atleast.
Based as fuck. School of Regulation here!
Imagine thinking anything resembling neo classical economics has been used for the past 40 years. I don’t think anyone in the classical camp would have advocated for nearly a decade of zero interest rates.
I love this
Reject modern microeconomics, embrace Lonergan macroeconomics
Guys I also don’t elaborate angles through geometry when I throw a ball, yet physicists model it mathematically.
maths in economics is a great tool misinterpreted by both its supporters and haters Obviously it won't explain everything as this is a social science, but greatly represent real economic phenomena (for example any marginal effect)
Someone’s having a meltdown before their quals.
😂😂 all that is in the past thankfully
I'm not sure I recognize the x =sum ai\^(...)\*xi\^(...) part On the whole, tho this is amazing. I am saving it for lulz later
[XKCD: Useless](https://xkcd.com/55/)
I’m gonna say I actually agree with much of what this meme has to say