Technology

60062 readers

3461 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS

[email protected]

746

REPORT: Arm is sensationally canceling the license that allowed Qualcomm to make Snapdragon chips which power everything from Microsoft's Copilot+ PCs to Samsung's Galaxy smartphones and tablets (www.windowscentral.com)

submitted 2 months ago by [email protected] to c/[email protected]

212 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

Adam Smith's. He pioneered rational choice models in general. Came up with the whole shebang that 20yold econ 101 students love to ignore in favour of "free market is if I get a fat payout".

[–] [email protected] 2 points 2 months ago (1 children)

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

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

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.

[–] [email protected] 2 points 2 months ago (1 children)

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

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

In the hardcore contemporary literature you mostly see more precise language such as perfect competition, (theoretical) situations which are pareto-optimal, which is built on Adam's rational choice models. The maths became more solid, the idea didn't change. They didn't have game theory back then.

And FFS read The Wealth of Nations and see what he thought of monopolists he'd consider our billionaires to be no different than the kings of old. The father of capitalism was out for universal wealth and happiness, not personal enrichment.

[–] [email protected] 1 points 2 months ago (1 children)

You honestly seem obsessed with that adam dude.

I think your problem is that you seem to think that "perfect" mathematical models will ever work in real life.

[–] [email protected] 1 points 2 months ago (1 children)

I think your problem is that you seem to think that “perfect” mathematical models will ever work in real life.

I said the exact opposite the whole thread. Are you confusing me with a capitalist or something.

[–] [email protected] 1 points 2 months ago (1 children)

It's all you talk about though.

No one cares about Adam when his ideas are frankly stupid. Or at least how you describe them. He might be a solid dude.

[–] [email protected] 1 points 2 months ago

It's all you fucking asked about.