#none of what anybody thinks abt how free market works is actually true ever
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vamptastic · 2 years ago
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fucking microeconomics AUUUUUGH. is interesting bc i now better understand why big businesses make the choices they do and how some basic human necessities can still be made widely easily available in a capitalist system (though id argue a natural monopoly heavily regulated by the state is basically just a state owned company minus like, accountability upon failure). like externalities are cool as hell and learned about them completely shifted my perspective on carbon tax and traffic taxes and such and i get why they're a viable option now. but the OTHER half of the class is stuff that is like utterly totally useless unless you're interested in starting a small business, which i very much am not. also deadweight loss still makes zero sense to me. i suppose because i concern myself with silly things like 'maximizing access to a good' and 'saving consumers as much money as possible' and thus have a hard time conceptualizing producer loss. ultimately glad i took the class but lord if any of this makes any sense when i try to talk to someone else about it.
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