this post was submitted on 26 Jan 2026
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[–] HeyThisIsntTheYMCA@lemmy.world 20 points 4 weeks ago (2 children)

Economics is just applied statistics with a little sociology mixed in

[–] Knock_Knock_Lemmy_In@lemmy.world 4 points 4 weeks ago (2 children)

And simplified until linear relationships appear.

[–] BrilliantantTurd4361@sh.itjust.works 1 points 4 weeks ago (1 children)

Tell us you dont understand economics without telling us..

[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 4 weeks ago (1 children)

Supply demand curves are usually drawn with straight lines.

[–] HeyThisIsntTheYMCA@lemmy.world 3 points 4 weeks ago (1 children)

never once in my economics education did they do that. not just because it's easier to draw a curve than a straight line, but because the shape of the curve defines the type of good. maybe your economics education was just... bad?

[–] Knock_Knock_Lemmy_In@lemmy.world -1 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

Supply and demand | Definition, Example, & Graph | Britannica Money

Type economics supply and demand curve into Google images for more data points than your personal experience.

[–] HeyThisIsntTheYMCA@lemmy.world 3 points 4 weeks ago (1 children)

ooo, everyday people (not economists) can put bad images up on the internet

[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 4 weeks ago (1 children)

This is from an encyclopedia. Here's another

Did your economics training teach you to ignore data?

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 4 weeks ago (2 children)

let's talk about opportunity cost. did you learn that?

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 4 weeks ago

first: neither brittanica nor investopedia are run by or written by economists. those images were made, probably in excel first, they're terrible, and then considered done. how much longer does it take to get a set of curves that line up precisely in the center versus a set of straight lines that line up precisely in the center? especially when the point you're trying to illustrate with your diagram is not (a) the more realistic shape of the utility curves that define the supply and demand curves, but is in fact (b) the equilibrium point at the intersection. it takes a lot longer to get the curves right, right? and that's not the important part of the model! better to just save 15 seconds and use straight lines, you can illustrate the curves on another diagram

that is how economists think

that is why those stupid images are there.

[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 4 weeks ago (1 children)

Economists make it linear again.

opportunity-cost-definition.png

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 4 weeks ago (1 children)
[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 4 weeks ago (1 children)

Hilarious.

Check out the supply/demand Figure 4-8 on page 80

Economists can't handle non-linear relationships.

Prosecution rests.

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 4 weeks ago (1 children)

what is it trying to illustrate in the model?

[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 4 weeks ago (1 children)

I've made my point.

The example text book you pulled of the shelf written by "proper economists" has the exact same linear S/D diagram I posted at the top of this thread.

[–] HeyThisIsntTheYMCA@lemmy.world 3 points 4 weeks ago (1 children)

so you can't figure out the point it's trying to illustrate by simplifying assumptions. tada!

[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 4 weeks ago (1 children)
[–] HeyThisIsntTheYMCA@lemmy.world 2 points 4 weeks ago (1 children)

let me give you some advice. read the text instead of just skimming for pretty pictures. maybe next time you won't fail your economics class

[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 4 weeks ago (1 children)

never once in my economics education did they [draw straight lines].

It seems you are the one who should have paid attention in class.

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 4 weeks ago (1 children)

considering i'm the one who has experience in econometrics and you're arguing ITS ALL STRAIGHT LINES because you never got past that part, yeah no.

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 4 weeks ago (1 children)

You have no academic experience. You can't even quote properly.

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 4 weeks ago (1 children)

sure dude sure. keep making stuff up.

[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 4 weeks ago (1 children)

Making stuff up is literally what I just accused you of.

Only you have written "ITS ALL STRAIGHT LINES".

I'd accuse you of being an LLM but no-one would train something to score this many own goals.

[–] counterfactual@sopuli.xyz 0 points 3 weeks ago

You're so incredibly dumb, the flailing is hilarious. You wouldn't pass micro I, let alone macro.

[–] technocrit@lemmy.dbzer0.com 1 points 4 weeks ago (1 children)

Economics is just fascist sociology.

[–] HeyThisIsntTheYMCA@lemmy.world 1 points 4 weeks ago

maybe pay attention to more than chicago