Saturday, September 14, 2024

Time to Rewrite the Textbooks

Cheap Chinese goods - buying them considered anti-national, 
Many don't maximize utility, not all are what may be called rational.  
Others don't maximize profits, they spawn a social enterprise, 
They are driven by purpose and passion- and their tribe continues to rise. 
 
The concept of rational agents, is a fiction and nothing more,
That we are selfish- and that's optimal- needs to be shown the door. 
In a market that's not free, where information is constrained, 
We need interventions to break monopolies, so that consumer isn't left drained. 
 
Even if information was perfect, and our computing of pros and cons infinite,    
We'll be better served by emotions, as our logical decisions come back to bite.
We didn't choose our partners, to maximize RoI and minimize opportunity cost,
We believe in love and commitment, and not all to economics is lost. 

We are taught in Econ 101, that we should be selfish, rational and calculate cold, 
The reality is we help each other, are emotional and not all are digging for gold.

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