Eugine_Nier comments on Politics Discussion Thread February 2013 - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (146)
The problem seems to be confusion as to what economists mean by demand and "unlimited demand". What they mean by demand is not a static number but a demand curve relating how much of something you would buy depending on its price, i.e., not just what you're buying now but also what else you would buy if you could. Thus by "unlimited demand" they mean that there is always more you would buy if you could afford it.