this post was submitted on 26 Jan 2026
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[–] HeyThisIsntTheYMCA@lemmy.world 16 points 3 days ago (2 children)

Economics is just applied statistics with a little sociology mixed in

[–] Knock_Knock_Lemmy_In@lemmy.world 5 points 3 days ago (2 children)

And simplified until linear relationships appear.

[–] Brainsploosh@lemmy.world 2 points 3 days ago (1 children)

To be fair, my engineering degree also did this.

Good thing I learnt that linearity in my chosen specialty only breaks down in the exotic circumstances of air, room temperature, 1 atm pressure, and distances of <0,5 m or >30 m.

[–] NocturnalMorning@lemmy.world 3 points 3 days ago

In college - Assume everything is linear

Later - Everything is not linear

[–] BrilliantantTurd4361@sh.itjust.works 1 points 3 days ago (1 children)

Tell us you dont understand economics without telling us..

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 3 days ago (1 children)

Supply demand curves are usually drawn with straight lines.

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 3 days 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 3 days ago* (last edited 3 days 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 3 days ago (1 children)

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

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 3 days 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 3 days ago (2 children)

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

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 3 days ago (1 children)

Economists make it linear again.

opportunity-cost-definition.png

[–] HeyThisIsntTheYMCA@lemmy.world 1 points 3 days ago (1 children)
[–] Knock_Knock_Lemmy_In@lemmy.world 0 points 3 days 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 1 points 3 days ago (1 children)

what is it trying to illustrate in the model?

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 3 days 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 3 days 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 1 points 3 days ago (1 children)
[–] HeyThisIsntTheYMCA@lemmy.world 2 points 3 days 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 3 days 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 3 days 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 2 points 3 days ago (1 children)

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

[–] HeyThisIsntTheYMCA@lemmy.world 0 points 3 days ago (1 children)

sure dude sure. keep making stuff up.

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.

[–] technocrit@lemmy.dbzer0.com 0 points 3 days ago (1 children)

Economics is just fascist sociology.

maybe pay attention to more than chicago