

Stephan Seiler
4.3K posts

@SeilerStephan
Marketing Professor @ImperialBiz












Listening through the full Jon Stewart interview, this specific section was pretty shocking to hear. Stewart doesn't know that: 1) Economics both predicts people's behavior in response to taxes, and recommends taxes to deal with externalities. 2) Economics as a discipline doesn't say "We as economists should exclusively facilitate corporations maximizing shareholder value." He acts shocked and skeptical when Thaler says that economics is about maximizing the public's welfare. He disagrees with Thaler and says "The goal of economics in a capitalist system is to make the most amount of money for your shareholders. Since when is economics about improving the human condition?" 3) Economics isn't synonymous with "completely free markets with no taxes." I don't know how you spend 20+ years publicly commenting on politics 5 nights a week without at least bothering to learn this. Shows a pretty shocking lack of curiosity. youtu.be/rZczEzMu_U8?si…





