Then how would you expect an economist to study it, go to restaurants and report their opinions? The comment i was replying to is essentially being snarky that economist are doing what they’re supposed to. Seeing and explaining economic trends.
> Then how would you expect an economist to study it, go to restaurants and report their opinions?
Unironically yes. There are dimensions other than raw profitability that determine the health of a sector. The work that chicago school economists do flattens everything onto just a financial axis, which is harmful in my opinion. What do I care about the "productivity" of the restaurant sector when all the food tastes like shit?
