3 ms·
It’s the usual tension between an easy measure of something highly misleading and a harder to measure actually meaningful index. IMO going the easier route inv
by makeitdouble 4y ago
It’s the usual tension between an easy measure of something highly misleading and a harder to measure actually meaningful index.
IMO going the easier route invariably brings along many other dangerous shortcuts.
For instance here you mention “scientific method” for GDP when the measure in itself isn’t that reliable: what fits inside GDP isn’t fixed nor objective, and a lot of decisions happens upon survey. We have countries (most countries ?) regularly reshaping how they measure GDP to fit the narrative they need.