Message from @Admiral

Discord ID: 618983763036078150


2019-09-05 01:38:17 UTC  

how do you get such a curve?

2019-09-05 01:38:18 UTC  

well

2019-09-05 01:38:26 UTC  

You want to analyse a market at perfect competition conditions?

2019-09-05 01:38:32 UTC  

As I stated,

2019-09-05 01:38:33 UTC  

you start with an individual demand curve and try to aggregate the demand curves into a market one

2019-09-05 01:38:36 UTC  

but to do this

2019-09-05 01:38:36 UTC  

I know what you're talking about

2019-09-05 01:38:42 UTC  

you need presuppositions about reality

2019-09-05 01:38:44 UTC  

I am just unfamiliar with the English terminology.

2019-09-05 01:38:54 UTC  

now, the presuppositions about reality used *are false*

2019-09-05 01:39:19 UTC  

so we are using *non-evidential argumentation to construct a theoretical entity*

2019-09-05 01:39:29 UTC  

this isnt what the scientific method does.

2019-09-05 01:39:39 UTC  

You just said that they are based on empirical data...

2019-09-05 01:39:50 UTC  

demand is analysed, and then bundled into a curve for the entire market.

2019-09-05 01:39:52 UTC  

no

2019-09-05 01:40:10 UTC  

the law of demand is a presupposition

2019-09-05 01:40:18 UTC  

The law of demand?

2019-09-05 01:40:23 UTC  

That the higher the price, the lower the demand?

2019-09-05 01:40:26 UTC  

How is that a presupposition?

2019-09-05 01:40:29 UTC  

That is observable fact.

2019-09-05 01:40:29 UTC  

thats what gives you the shape of the individual demand curve

2019-09-05 01:40:32 UTC  

yes i agree

2019-09-05 01:40:40 UTC  

its a presupposition backed by evidence

2019-09-05 01:40:46 UTC  

but the aggregation of these individual demand curves

2019-09-05 01:40:48 UTC  

So where is the problem?

2019-09-05 01:40:59 UTC  

*is done by a method which uses false assumptions*

2019-09-05 01:41:11 UTC  

so we're constructing a theory based on *empirical falsities*

2019-09-05 01:41:16 UTC  

*this is unscientific*

2019-09-05 01:41:46 UTC  

As I stated, I am unfamiliar with the English terminology.

2019-09-05 01:41:51 UTC  

Explain what you mean by _individual demand curves_

2019-09-05 01:42:02 UTC  

the demand curve of an individual human

2019-09-05 01:42:04 UTC  

Since the demand graph would involve a measure of quantity that is demanded,

2019-09-05 01:42:12 UTC  

would it not only variate between 0 and 1 if it is an individual curve?

2019-09-05 01:42:25 UTC  

its not a probability?

2019-09-05 01:42:37 UTC  

...unless the individual wants several units of the product in discussion, I suppose
I was assuming each individual would only hold demand for 1 unit

2019-09-05 01:42:39 UTC  

its a measure of quantity and price

2019-09-05 01:42:55 UTC  

so it doesnt have to be 0<x<1

2019-09-05 01:43:09 UTC  

I meant

2019-09-05 01:43:09 UTC  

haha wtf!

2019-09-05 01:43:12 UTC  

0 or 1,