Any question that can be answered by this procedure could eventually be answered using econ 101 directly.
What do you mean by this? Is the idea that you could create a super complex (and accurate) model, composed of only econ 101 parts?
I guess this is true if econ 101 is universal in some sense, so that all 201, etc. intuitions are implicit in econ 101 intuitions. Is that what you have in mind?
EDIT: I should have just kept reading:
This process won’t reveal any truths beyond those implicit in the econ 101 assumptions, but it can do a good job of efficiently exploring the logical consequences of those assumptions.
What do you mean by this? Is the idea that you could create a super complex (and accurate) model, composed of only econ 101 parts?
I guess this is true if econ 101 is universal in some sense, so that all 201, etc. intuitions are implicit in econ 101 intuitions. Is that what you have in mind?
EDIT: I should have just kept reading: