Re:We’re Measuring the Economy All Wrong
by coldtea on Saturday September 15, 2018 @02:26PM
(#17995432)
>I’ve been thinking a lot about the fundamental flaws in economic metrics — there is just absolutely something missing in the current concept of actuarial efficiency — which is I think the only kind of efficiency that economists are equipped to talk about.
It's perfect for the purpose its used though: to justify policies that transfer more wealth and power to the rich, and to not give a crap about externalities...
>There is 0 value given to the experience of visiting a natural space or to forests which take thousands of years to grow which quite literally could not be reconstructed for any amount of money
If you have your own private island you don't care about some state park...
It's perfect for the purpose its used though: to justify policies that transfer more wealth and power to the rich, and to not give a crap about externalities...
>There is 0 value given to the experience of visiting a natural space or to forests which take thousands of years to grow which quite literally could not be reconstructed for any amount of money
If you have your own private island you don't care about some state park...