careful how much to spend and on what the money is spent." This, of course begs the question of how that money came to be defined as "their own."
Let's complicate that story, though, with a couple more matrices: First, Prisoner's Dilemma:
Figure 2: Prisoner's Dilemma |
Next, Elinor Ostrom's typology of property:
Figure 3: Typology of property |
Figure 1 assumes that there is only one kind of decision situation and only one kind of good. Figure 2 introduces a different kind of decision situation and Figure 3 introduces three different kinds of goods. Are Trump's "economic advisers" really so ignorant of basic economic concepts beyond the most elementary textbook simplification?
1 comment:
Because it's about all they have the competence to do?
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