James_Miller comments on Misapplied economics and overwrought estimates - Less Wrong

2 Post author: erratim 12 January 2015 05:10PM

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Comment author: James_Miller 16 January 2015 05:49:16AM *  1 point [-]

It gets confusing when you talk about how a long run change in demand can shift the short run supply curve when from a social welfare viewpoint what we should care about in this situation is the long run supply curve which wouldn't change, but reading McAfee I can see that I should not have been so certain that I was right. Thanks!