Comment by ascorbic
2 years ago
Right. Presumably in that scenario both economists thought it to be at least $100 worth of entertainment to watch the other eat shit, while both also thought $100 was enough compensation to eat it. Everyone is better off.
Just because you think you're better off doesn't mean you're better off though.
Why not? What we think is pretty much all that matters
Perhaps cumulatively, but in a particular moment? A infectious disease specialist may further raise GDP in this story, moments or years later.