tag:blogger.com,1999:blog-11539837.post1673256489079114704..comments2024-01-19T04:29:08.081-06:00Comments on subrealism: DELIBERATE LIE #3. People are “rational utility maximizers”Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11539837.post-53422349544924123782011-05-04T20:59:30.485-05:002011-05-04T20:59:30.485-05:00very interesting argument .. however, I disagree w...very interesting argument .. however, I disagree with the proposal that by using the “rational utility maximizer,” the economist has created a brilliant system. <br />An economist today is similar to the head of a tribe in the BCE. In ancient Sumer, tribes attacked farmers during harvest time. Though the farmers fought back they were more likely than often outsmarted by the tribes. Their penalty involved a loss of crop. Today, in comparison to Sumer millenniums later, the economist speculates on citizen's resource and demand using options and futures as their system of outsmarting the citizens. And the same way farmers paid the tribes in crop, the citizens pay the economists in cash. The system isn't brilliant, it has always been in place.Lansznoreply@blogger.com