The economic/philosophy term of "Utility" comes to mind.

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Post #164,320

by ChrisR

7/13/04 9:02:35 PM

The economic/philosophy term of "Utility" comes to mind.

Money is but one way to measure utility. Many economists (especially the Monetarists) think it's the only reliable gauge. Of course, the concept of money is also very fluid: M1, M2, M3, .... in banking terms, but then there's soft money like stocks, bonds, loans of various sorts... and failing that there's always barter (an ineffecient form of money).

Post #164,322

by ben_tilly

7/13/04 9:13:52 PM

Exactly

It's often ridiculous to think that way, but economists really try to when they tackle complex issues.

Sadly enough, when things are complex enough that regular intuition fails, the ridiculous way is sometimes also the best way that we have to think about things. :-/

Cheers,
Ben

To deny the indirect purchaser, who in this case is the ultimate purchaser, the right to seek relief from unlawful conduct, would essentially remove the word consumer from the Consumer Protection Act
- [link|http://www.techworld.com/opsys/news/index.cfm?NewsID=1246&Page=1&pagePos=20|Nebraska Supreme Court]

a review of 911 by Matt Labash - (boxley) - (105) - June 28, 2004, 11:03:56 AM EDT

I shocked, shocked I tell you. - (mmoffitt) - June 28, 2004, 02:08:59 PM EDT

At least Moore's honest about his craft - (ChrisR) - (6) - June 28, 2004, 02:16:22 PM EDT

Moore? Honest? He had disclaimers? tell me moore -NT - (boxley) - (5) - June 28, 2004, 02:37:05 PM EDT

He admits his craft has a purpose - (ChrisR) - (4) - June 28, 2004, 02:51:48 PM EDT

It's a polemic - (deSitter) - June 28, 2004, 03:28:46 PM EDT

Conservative AM talk radio station this morning - (lincoln) - (2) - June 28, 2004, 03:46:44 PM EDT

As Ebert pointed out.. - (deSitter) - June 28, 2004, 03:51:44 PM EDT

National Geographic has a POV - (ChrisR) - June 28, 2004, 04:04:09 PM EDT

Screw that. Where's *your* review? - (Silverlock) - (24) - June 28, 2004, 02:32:33 PM EDT

I will do my own review - (boxley) - (20) - June 28, 2004, 02:41:22 PM EDT

What's your local theater? - (Silverlock) - (19) - June 28, 2004, 04:28:19 PM EDT

problem, how do I explain to 5 other people - (boxley) - (18) - June 28, 2004, 05:38:32 PM EDT

I'll donate another ticket for you... -NT - (ben_tilly) - (3) - June 28, 2004, 09:01:47 PM EDT

guys, ITS A FRIGGIN MOVIE!!! not the second coming sheesh! -NT - (boxley) - (2) - June 29, 2004, 09:02:24 AM EDT

Just trying to reduce the number of your excuses -NT - (ben_tilly) - (1) - June 29, 2004, 11:32:28 AM EDT

no excuses, I will watch it in the same way I watch all - (boxley) - June 29, 2004, 11:44:35 AM EDT

Whatever. - (Silverlock) - June 28, 2004, 09:20:59 PM EDT

I'll donate another ticket for you... That's 3. - (Ashton) - (12) - June 28, 2004, 10:38:16 PM EDT

One from me, that's 4 - (broomberg) - (10) - June 28, 2004, 11:39:31 PM EDT

ROAD TRIP!!! -NT - (Another Scott) - (1) - June 28, 2004, 11:41:00 PM EDT

Thou sayest Well, - (Ashton) - June 28, 2004, 11:53:12 PM EDT

That works for me... - (ben_tilly) - (7) - June 29, 2004, 12:40:21 AM EDT

Seconded - (drewk) - (6) - June 29, 2004, 09:16:25 AM EDT

plastic pint bottles and cargo pants would work -NT - (boxley) - June 29, 2004, 09:26:22 AM EDT

Re: Seconded - (deSitter) - (1) - June 29, 2004, 09:33:44 AM EDT

Spent a whole night playing piano drunk once. - (admin) - June 29, 2004, 09:34:51 AM EDT

Sheesh. - (admin) - (2) - June 29, 2004, 09:33:55 AM EDT

A Fair question - (Ashton) - (1) - June 29, 2004, 05:02:14 PM EDT

See the headlines now - (boxley) - June 29, 2004, 05:29:30 PM EDT

wont be voting there, patriot and ashcroft still in place -NT - (boxley) - June 29, 2004, 09:02:51 AM EDT

Well, here's one - (inthane-chan) - (2) - June 28, 2004, 02:50:58 PM EDT

you didnt use a debit card to pay for the tickey did you? -NT - (boxley) - (1) - June 28, 2004, 02:56:21 PM EDT

What, you think I'm an idiot? - (inthane-chan) - June 28, 2004, 03:29:59 PM EDT

Tip from a Friend on what to do after seeing it. - (mmoffitt) - (3) - June 28, 2004, 05:18:18 PM EDT

Citoyens! Aux barricades! -NT - (deSitter) - June 28, 2004, 05:28:13 PM EDT

Re: Tip from a Friend on what to do after seeing it. - (deSitter) - June 28, 2004, 05:29:40 PM EDT

That is good -NT - (boxley) - June 28, 2004, 05:39:57 PM EDT

another review of Fahrenheit 9/11 - (Ashton) - (1) - June 29, 2004, 05:11:25 AM EDT

Made approx. 22 million this weekend as top-grossing movie - (tjsinclair) - June 29, 2004, 12:33:59 AM EDT

..and another Weekly Standard-type 'exclusive' (new thread) - (Ashton) - June 29, 2004, 05:45:31 AM EDT

I agree with the concepts, but not the methods used by Moore - (orion) - (64) - July 1, 2004, 04:11:27 PM EDT

Norman, Norman - (Ashton) - (63) - July 2, 2004, 05:59:46 PM EDT

Thus I say to you - (orion) - (62) - July 9, 2004, 07:34:37 PM EDT

Oh, I do so wish to smack you, Norm - (Arkadiy) - (17) - July 9, 2004, 10:28:07 PM EDT

Did you ever see Good Will Hunting? - (broomberg) - (16) - July 9, 2004, 11:32:34 PM EDT

Re: Did you ever see Good Will Hunting? - (deSitter) - July 9, 2004, 11:49:59 PM EDT

Not really - (orion) - (14) - July 13, 2004, 03:41:48 PM EDT

It is a matter of tunnel vision - (broomberg) - (13) - July 13, 2004, 08:00:41 PM EDT

Ironically, I disagree with you... - (ben_tilly) - (5) - July 13, 2004, 08:17:51 PM EDT

Figures - (broomberg) - (3) - July 13, 2004, 08:34:40 PM EDT

Depends how you define economics - (ben_tilly) - (2) - July 13, 2004, 08:53:25 PM EDT

The economic/philosophy term of "Utility" comes to mind. - (ChrisR) - (1) - July 13, 2004, 09:02:35 PM EDT

Exactly - (ben_tilly) - July 13, 2004, 09:13:52 PM EDT

Sadly, I find your disagreement implicitly supports - (Ashton) - July 13, 2004, 09:09:24 PM EDT

All I ever asked - (orion) - (3) - July 16, 2004, 11:59:42 PM EDT

Hehe. Impeach Bush? - (broomberg) - July 17, 2004, 03:18:31 PM EDT

Logic is the path from assumptions to conclusion - (ben_tilly) - (1) - July 17, 2004, 10:31:00 PM EDT

Verily I say, thou hast the Patience of Job.. or was that - (Ashton) - July 18, 2004, 05:40:02 AM EDT

I consider that a cmplement in a way - (orion) - (2) - July 17, 2004, 12:17:41 AM EDT

Enjoy - (broomberg) - July 17, 2004, 12:19:16 PM EDT

BTW - (n3jja) - July 17, 2004, 05:15:24 PM EDT

That analysis assumes that Saudis are... - (ben_tilly) - (43) - July 10, 2004, 12:27:16 AM EDT

Very well said -NT - (deSitter) - July 10, 2004, 12:09:11 AM EDT

Nothing economics can't explain - (ChrisR) - (13) - July 10, 2004, 12:49:20 AM EDT

For some value of "explain" -NT - (ben_tilly) - (2) - July 10, 2004, 12:18:37 PM EDT

Not to belittle economics too much... - (ChrisR) - (1) - July 10, 2004, 01:02:14 PM EDT

ie.. it Is hard to belittle Econ____too much :-j -NT - (Ashton) - July 10, 2004, 09:58:08 PM EDT

Yet ironically - (orion) - (9) - July 13, 2004, 04:19:59 PM EDT

Twitterpatted - (ChrisR) - (6) - July 13, 2004, 05:42:27 PM EDT

ObPedanticSpellingFlame: twitterpated, twitterpate! -NT - (jake123) - (1) - July 13, 2004, 05:51:31 PM EDT

Rediculous!!! -NT - (ChrisR) - July 13, 2004, 05:53:25 PM EDT

Easy - (deSitter) - (2) - July 13, 2004, 06:00:30 PM EDT

Either that, or make the leaf the new form of currency - (ChrisR) - (1) - July 13, 2004, 06:03:33 PM EDT

No - (deSitter) - July 13, 2004, 06:07:00 PM EDT

Bzzzz, sorry. You don't know jack about the Phillips curve. (new thread) - (orion) - July 17, 2004, 12:31:33 AM EDT

Norm throw all that crap out the window - (boxley) - (1) - July 13, 2004, 09:32:32 PM EDT

Sorry I'd rather earn a college degree - (orion) - July 17, 2004, 12:39:35 AM EDT

Explain this behavior then - (orion) - (27) - July 13, 2004, 03:51:48 PM EDT

The explanation is simple... - (ChrisR) - (5) - July 13, 2004, 04:02:22 PM EDT

Interesting theory - (orion) - (4) - July 13, 2004, 04:22:04 PM EDT

I see college has brought out your natural sophistry - (deSitter) - (1) - July 13, 2004, 04:26:27 PM EDT

Of course - (orion) - July 17, 2004, 12:19:20 AM EDT

Just look up the term you don't know - (ben_tilly) - July 13, 2004, 05:19:51 PM EDT

Big fish catch and release program. - (ChrisR) - July 13, 2004, 09:26:57 PM EDT

you are missing a huge point - (boxley) - (18) - July 13, 2004, 04:05:21 PM EDT

The same way we trapped the French in the 1930's then? - (orion) - (17) - July 13, 2004, 04:23:42 PM EDT

where do you get this crap norm? - (boxley) - (16) - July 13, 2004, 09:28:37 PM EDT

Norm is at least half-right on this one - (ben_tilly) - (15) - July 13, 2004, 10:06:53 PM EDT

Been some stress through the years - (ChrisR) - (1) - July 13, 2004, 10:23:13 PM EDT

True, but that doesn't make me much happier - (ben_tilly) - July 13, 2004, 11:30:03 PM EDT

banking panic had NOTHING to do with gold - (boxley) - (10) - July 14, 2004, 09:24:13 AM EDT

You'd be wrong on the history of that - (ben_tilly) - (9) - July 14, 2004, 10:49:47 AM EDT

try horses mouth - (boxley) - (8) - July 14, 2004, 11:21:39 AM EDT

And how does this contradict what I said? - (ben_tilly) - (1) - July 14, 2004, 11:38:24 AM EDT

thought you were promoting gold as a cause, not effect - (boxley) - July 14, 2004, 11:47:00 AM EDT

Yet again you are wrong - (orion) - (5) - July 17, 2004, 12:52:21 AM EDT

ah, the educated fucktard raises his snout and brays - (boxley) - (1) - July 17, 2004, 01:14:35 PM EDT

Apples and Oranges - (orion) - Aug. 3, 2004, 02:27:54 AM EDT

Yeah, and who pays for it? - (inthane-chan) - (2) - July 18, 2004, 10:05:54 PM EDT

{{Shhhh!}} we're not sposed to know that. Bad for 'lections -NT - (Ashton) - July 19, 2004, 08:02:49 AM EDT

I know that - (orion) - Aug. 3, 2004, 02:30:51 AM EDT

Perhaps Norm is all right? ;) - (orion) - (1) - July 17, 2004, 12:49:57 AM EDT

Thank you, I learned something from that - (ben_tilly) - July 17, 2004, 10:00:26 PM EDT

Blah - gotta hit STOP faster. - (Ashton) - July 13, 2004, 08:38:30 PM EDT

Norman, Norman -n (new thread) - (Ashton) - July 13, 2004, 07:52:06 PM EDT

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