3 ms·
you need to define optimal. does it result in highest gdp relative to <x>, highest gdp growth relative to <x>, happiest citizenship, lowest incarceration rate,
by withdavidli 10y ago
you need to define optimal. does it result in highest gdp relative to <x>, highest gdp growth relative to <x>, happiest citizenship, lowest incarceration rate, highest incarceration rate, lowest recidivism rate of criminals, best education, least amount of divorce, etc.
good luck on the paper. things are simple on an individual level and complex when looked at as a whole (think economics / behavior / incentives).
- visarga 10y agoSuch an interesting topic to meditate on. It is at the same time deeply pragmatic and philosophical. In order to find the most important criteria, we have to know what is the purpose of life.
- MarkMc 10y agoNo metric is perfect, but "highest growth in real median income over the long term" seems like a pretty good approximation.