• lud
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    2 hours ago

    And why should I listen to someone that defines a word differently than everyone else?

    • barsoap
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      2 hours ago

      Adam Smith came up with it. It’s also how actual economists use it. Don’t confuse that with how business majors, politicians, and generally peddlers of institutionalised market failure use it.

      • lud
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        2 minutes ago

        Can you point to a few examples of economists using it? Obviously I won’t count Lemmy users.