3 ms·
the fundamentally inescapable problem is your approach measures an input instead of output, and thus makes technology improvements look like an economic crash
by fennecfoxen 6y ago
the fundamentally inescapable problem is your approach measures an input instead of output, and thus makes technology improvements look like an economic crash
consider the 'light' market:
https://ourworldindata.org/uploads/2013/12/Trends-in-the-Prices-of-Energy-for-Lighting-and-of-Lighting-Services-1300-2000-Fouquet-and-Pearson-20120.png https://ourworldindata.org/uploads/2013/12/Trends-in-the-Pri...