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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 1 month ago by [email protected] to c/technology

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[–] [email protected] 1 points 1 month ago* (last edited 1 month 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 1 month 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 1 month ago* (last edited 1 month 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 1 month 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 1 month 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 1 month 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 1 month ago

It's all you fucking asked about.