By contrast, economists whose roles demand engagement with a wider audience — business leaders, policymakers, journalists, the broader public— are less likely to find the Bluesky option 100% workable. This division in social media preferences reflects diversity within the profession.

‘You know those quantum mechanical amplitudes you told me about, they’re so complicated and absurd, what makes you think those are right? Maybe they aren’t right.’ Such remarks are obvious and are perfectly clear to anybody who is working on this problem. It does not do any good to point this out.”

They might minimise declared profits, but they seem to optimise profits nevertheless, probably “extracting” them in some other way. They don't, say, minimise risk instead of maximising expected profit, as some theories seem to suggest.

I asked the questions because there are classic theories about farmers not maximizing profits but minimizing risks. However, in this case, it seems that people are maximizing profits (leaving accounting aside).

Got it, thanks.

What do they optimise over, if not profit?