I mentioned that too when  you first started exposing the fallacy of the
belief that it was a widespread fallacy.   Counterfactual
oversimplifications can often be useful in understanding reality. Engineers
uses calculations assuming perfect elasticity or what have you on occasion,
then do corrections. I suspect that the lump-of-labor is a useful
approximation in a lot cases.


On Wed, Jan 22, 2014 at 3:42 PM, Tom Walker <[email protected]> wrote:

> Ryan Avent at the Economist:
>
> "It may be reading too much into recent experience, but one could also
> argue that under certain constraints the lump of labour fallacy is no
> fallacy at all. "
>
> http://www.economist.com/blogs/freeexchange/2014/01/labour-markets
>
> Cheers,
>
> Tom Walker (Sandwichman)
>
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>
>


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