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Right, I agree with you. From the tone of the post, it seemed like the author was justifying the GDP calculation as it's made. Perhaps there was some sarcasm th
by defterGoose 9y ago
Right, I agree with you. From the tone of the post, it seemed like the author was justifying the GDP calculation as it's made. Perhaps there was some sarcasm there I didn't detect. But yeah, if we want to count the cost of services produced for, say, digging a giant hole and then subsequently filling in said hole, we may want to rethink our logic. I'm becoming disillusioned with the idea of economics being a valid human science when it can't seem to deal properly with the concept of externalities.