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“Actual” == “not counter factual” in this context. How about “the current state of the world” ? Imagine two worlds: 1. The current/actual state of the world
by huitzitziltzin 5y ago
“Actual” == “not counter factual” in this context. How about “the current state of the world” ?
Imagine two worlds:
1. The current/actual state of the world: far too many people commit suicide every year.
2. A counterfactual state of the world in which spending $10 billion on mental health services prevents 6,000 suicides in the UK.
A $50 billion welfare loss has been averted in (counterfactual) world 2, relative to (actual) world 1.