Discover and read the best of Twitter Threads about #ChicagoSchool
Most recents (6)
They said it was impossible. After decades of #antitrust cases over #PredatoryPricing - selling below cost to kill or prevent competitors - the #ChicagoSchool of neoliberal #economists "proved" predatory pricing didn't exist, so courts could stop busting companies for it.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/05/19/fak…
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pluralistic.net/2023/05/19/fak…
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Predatory pricing - the economists explained - was illegal, but it was also imaginary. A mirage. No one would predatory price, because it was "irrational." Even if someone irrational enough to try it, they would fail. Stand down, American judges - predatory pricing is solved.
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David Roth memorably described the job of neoliberal economists as finding "new ways to say 'actually, your boss is right.'" Not just bosses: economists are a bulwark against obvious answers to our worst agonies: wages, education, health and shelter:
popula.com/2023/04/30/yak…
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popula.com/2023/04/30/yak…
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/05/16/mor…
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pluralistic.net/2023/05/16/mor…
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How can we solve the student debt crisis? Well, we could cancel student debt and regulate the price of education, either directly or through free state college.
How can we solve America's heath-debt crisis? We could cancel health debt and create #MedicareForAll.
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How can we solve America's heath-debt crisis? We could cancel health debt and create #MedicareForAll.
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You know how "#realist" is a synonym for "#asshole?" As in, "I'm not a racist, I'm just a #RaceRealist?" That same "realism" is used to discredit democracy, among self-styled "#LibertarianElitists," who claim that social science proves democracy doesn't work - and can't work.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/05/04/ana…
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pluralistic.net/2023/05/04/ana…
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You've likely encountered elements of this ideology in the wild. Perhaps you've heard about how our #CognitiveBiases make us incapable of deliberating, that "reasoning was not designed to pursue the truth. Reasoning was designed by evolution to help us win arguments."
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When students of statistics are introduced to creating and interpreting models, they are introduced to George Box's maxim:
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/03/all… 2/
pluralistic.net/2023/04/03/all… 2/
Even with this benediction, modeling is forever prone to the cardinal sin of insisting that complex reality can be reduced to "a perfectly spherical cow of uniform density on a frictionless plane." 3/
#FuneralHomes were once dominated by local, family owned businesses. Today, your local funeral home is likely owned by #ServiceCorporationInternational, who bought hundreds of funeral homes (keeping the proprietor's name over the door), hiking prices and reaping vast profits. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2022/12/16/sch… 2/
pluralistic.net/2022/12/16/sch… 2/
Funeral homes are now one of America's most predatory, vicious industries, and SCI uses the profits it gouges out of bereaved, reeling families to fuel more acquisitions - 121 more in 2021. 3/
