if you want to understand these 3 points, read chapters 3-5 of that pdf

its lengthy and uses long-winded technical arguments, so i should expect an actual "economist" to enjoy it, but given sophiesticated has already refused to do this on my previous request, is there any hope that she'll actually put in the leg work this time?

<:epic:583660735402475563>

It is not an ad hominem. That is an honest assessment of your argument.

You have not provided a source that answers my question. Why are you unable to answer it?

What words would you like me to use that you will not feel is an ad hominem m, to express the fact that you are mischaracterizing what supply and demand means, either willfully or through lack of understanding?

Your pointing to a source that does NOT address my question is not a satisfactory answer. Do YOU have an answer, do YOU understand it? This is an economics debate forum, can you lay out your argument rhetorically?

@Acacia poor? oo

kinda

you need money?

@Acacia

sure

-_-

then work @Acacia

ok

@Green Syndicalism again, let’s walk through this

Labor supply curves: you did not provide a labor supply curve. You provided an efficiency curve for ONE INDIVIDUAL

But when you increase the amount of labor you’re using, you don’t just make your existing workforce work more hours

You hire more people

So yes, if you tell one person to work 16 hours a day, they will decrease efficiency

But you can hire another 8 hour worker without that decrease in efficiency

This is so obvious I have to believe you’re being disingenuous.

B) “empirical evidence from firms themselves”

Yes, individual firms cannot produce infinitely

This is why, in the aggregate, supply curves are typically drawn with a steeper curve on the right side

Because as you get to the total upward limits of production of the market as a whole, increases in price still can’t produce infinite more goods

If the prices stay at that level though, people will open new factories and invest in new technologies, which is why long term curves are different than short term curves

Your own source SUPPORTS the way supply curves are drawn

c) of course supply curves exist. You’re not even proposing that they don’t.

I read your source. Please explain what zero he’s talking about in this section:

Conversely, neoclassical economists love the market structure they call ‘perfect competition,’ because it guarantees that profit­maximizing behavior will cause firms to produce an output at which marginal cost equals price.
Only it won’t. The manner in which neoclassical economics derives the result that profit­maximizing behavior by competitive firms means that they will produce where marginal cost equals price commits one of the simplest mathematical mistakes possible: it confuses a very small quantity – an ‘in­ finitesimal,’ as mathematicians describe it – with zero.
When that error is corrected, it is easily shown that a competitive market will also set price above marginal cost, and therefore a supply curve that is independent of the demand curve can’t be drawn. The other half of the ‘Totem of the Micro’ disappears.

Based

<:GWjiangoNoice:402866539491229696>

I’d add that when he says “the supply curve doesn’t exist” what he’s saying is that a large majority of supply firms are price takers

So he’s saying that the shape of the supply curve is dependent on the shape of the demand curve, not that the supply curve literally doesn’t exist

He says that in his book

Tl;dr

Sophesticated says to have sex

Sex is a demand and supply curve

Yup he’s got it

@Dr.Cosby every counterargument she made literally ignored the points of mine