Re:Bird populations declining fast across North America
by Retric on Tuesday December 14, 2021 @08:06AM
(#29551094)
Again your taking things to unreasonable extremes, plenty of economists think GDP is good enough to be useful. Which means it’s informing their decisions or it wouldn’t be useful.
You can’t say measure X is useful, and it’s flaws are well known therefore it’s flaws are irrelevant. If it’s useful then it’s flaws are part of any decision made using it.
Re:Bird populations declining fast across North America
by LudwigNagasena on Tuesday December 14, 2021 @09:17PM
(#29561240)
>plenty of economists think GDP is good enough to be useful. Which means it’s informing their decisions or it wouldn’t be useful
Yeah, that's precisely my point. It's informing their decisions.
>You can’t say measure X is useful, and it’s flaws are well known therefore it’s flaws are irrelevant. If it’s useful then it’s flaws are part of any decision made using it.
Measure X is useful, its flaws are well known therefore people who use it account for its flaws during the decision making process.
> It is also important to understand what GDP cannot tell us. GDP is not a measure of the overall standard of living or well-being of a country. Although changes in the output of goods and services per person (GDP per capita) are often used as a measure of whether the average citizen in a country is better or worse off, it does not capture things that may be deemed important to general well-being.
Tirades that when economists calculate GDP the human society is serving "abstractions" or the devil over the "real" and God is just fearmongering.