#none of what anybody thinks abt how free market works is actually true ever
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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.
#idk the whole class kinda feels like constantly having it driven in to me that#none of what anybody thinks abt how free market works is actually true ever#but it's somehow still great and good and flawless 👍 please avert your eyes from the texas power grid and pharmaceutical industry#and also sometimes its shit like#heres a graph representing a kind of business that does not exist. this will be the baseline for a business than CAN exist#which will now no longer make sense to you because you spent a month learning about the one that does exist except for like agricultural#staples. and toilet paper.#externalities though. my beloved. only thing in this class that i was immediately like HELL YEAH I GET IT. SO COOL.#that is bc i read a long book about externalities wrt pollution in middle school though#so the concept made sense to me just not in economics terms yet
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