Re:Danish government makes its new economic model open source
by Dracophoenix on Saturday January 22, 2022 @11:57AM
(#30038379)
I've always understood the parable of the broken window to be about opportunity costs. I don't see how it was a warning about metrics.
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Re:Danish government makes its new economic model open source
by mbar84 on Saturday January 22, 2022 @12:34PM
(#30038816)
It's both. I don't think it's too much of a stretch to broaden what he meant by seen/unseen to also refer to econometrics models which incorporate only some things (that can be measured/seen) and not others (that are unmeasured/unseen).
The seen/measurable: employment in the production of windows. The unseen/unmeasurable: missing employment in the production of suits.