4 ms·
We have to be careful about how we define our utility function. I'd argue that it's not as simple as just "producing more stuff" but rather being able to focus
by bumby 4y ago
We have to be careful about how we define our utility function. I'd argue that it's not as simple as just "producing more stuff" but rather being able to focus on producing "more of the right stuff." All production increase is not the same, unless your goal is just "more GDP." Rather, I think what a lot of this discussion alludes to is that more blind production does not necessarily lead to better quality of life (what we really care about in general).