3 ms·

Increased precision in base concepts makes it easier to measure and reason about the real-world drift from those bases.

• feet 4y ago
  That's assuming that those bases are even the goal for the people implementing the policies, which I am not convinced is the case in the US. If that is not the assumption then we can just make arbitrary claims about anything and calculate "drift"
  • catach 4y ago
    I'm looking at this from an economics study view, not a public policy view. Definitions have an inherently arbitrary component, sure. But stable, precise definitions are far easier to reason with than a shifting definition like "whatever the US is doing right now".
    • feet 4y ago
      The study of economics is not exactly known for its rigor, I'm not sure how much value that has
      • catach 4y ago
        Gotta start somewhere.
        • feet 4y ago
          Do you think capitalism can exist without policy and regulation?