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IMO, this ends at the start: "Elected representatives would formally define and manage an after-the-fact measurement of national welfare." Sounds doable, but
by dalbasal 8y ago
IMO, this ends at the start:
"Elected representatives would formally define and manage an after-the-fact measurement of national welfare."
Sounds doable, but it's essentially impossible. If you could reliably measure the outcomes of policies (after the fact, nevermind using speculators to predict the future), quite a lot of "rational" decision making methods would be possible.
The problem is that it's not possible.
It's not even possible on a much smaller scale, like a mid-sized company.
- sanxiyn 8y agoIsn't this what OKR(Objectives and Key Results) is about? OKR seems to be working? Although yes, it is challenging to scale to national level.
- dragonwriter 8y ago> Isn't this what OKR(Objectives and Key Results) is about? Not really, but even if so: > OKR seems to be working? OKR seems to be a popular trend in certain industries. Whether it's a source of success is more debatable.
- taffer 8y agoJust because we can't predict the future doesn't mean we shouldn't try to estimate things. If we wanted 100% certainty, we'd have to throw away pretty much all science and human knowledge.
- zack_amoveo 8y agoJust have goals that are easily measured. We can easily measure the relative prices of things in the market. If your company's goal is to increase the stock price above some target, that is a metric that is easily measured. So we can make futarchy markets to help your company make decisions to achieve your goal.
- dragonwriter 8y ago> Just have goals that are easily measured. If people's actual goals were easily measured, that would be great, but they aren't, and basing a system of government on the idea that you can pretend they are is silly.