“for sake of explaining my probably somewhat abstract thoughts and the nature of economics, i will use two different people as guiding characters.”from what's your utility function?
why do two people make the same choices for opposite reasons? why does admitting you might be wrong feel so expensive?
economic models are illustrative thought experiments unless explicitly identified as empirical evidence.
hanni and nanni are both 32. both are ambitious. both are successful.
hanni works because working makes her happy.
hannichases the rewardnanni works because not working makes her unhappy.
nanniescapes the penaltythey’re both in their early thirties, both interested in politics, and both want their city to become a place where ordinary people can afford to live.
momo thinks the most important thing is to build substantially more housing.
momowants to build morelolo agrees that more housing is necessary. but she worries that new development can displace existing communities.
loloworries who gets left out