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The real cult is the one where "productivity" is considered a measurable and worthwhile goal. The official definitions make no sense. "The ratio between volume

The real cult is the one where "productivity" is considered a measurable and worthwhile goal. The official definitions make no sense. "The ratio between volume of inputs and outputs." What does that even mean? More stuff? More clicks? More eyeballs? More sales? More disposable income? More wealth disparity? (That last one being the real meaning, IMO.) The subtext seems to be that OP believes CEOs are visionaries and he'll repeat whatever they say uncritically. Which is a good example of a cargo cult attitude. It turns out Nadella and the writer are dead wrong, even if you use the official economic definitions. The writer didn't bother to check this. He believed a simplistic narrative that appealed to his preconceptions without bothering to check the ground truth. https://www.researchgate.net/figure/Illustration-on-Real-GDP-Growth-Source-http-wwwimforg_fig1_348433527 https://www.researchgate.net/figure/Illustration-on-Real-GDP...

dpflan 3y ago
Indeed, there was also for one a pandemic (exogenous shock) which most certainly changes ideas of productivity and measuring economies. I am not aware of economists that are using more advanced AI in their analysis -- does anyone know of cutting-edge economists who are using much more modern tools for inspecting economies?
inflationnation 3y ago
The real cult is the one where "productivity" is considered a measurable and worthwhile goal. How could you *possibly say this !?! It is literally the definition of not having to break ones back to feed their family! The problem is, we have allowed our money supply to become manipulated so that inflation can capture the productivity increases to those controlling the money supply instead of to those producing the output. I post this wherever I see this argument, as someone else has done the work to CLEARLY show the data that shows where the output goes: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/

dpflan 3y ago

Indeed, there was also for one a pandemic (exogenous shock) which most certainly changes ideas of productivity and measuring economies. I am not aware of economists that are using more advanced AI in their analysis -- does anyone know of cutting-edge economists who are using much more modern tools for inspecting economies?

inflationnation 3y ago

The real cult is the one where "productivity" is considered a measurable and worthwhile goal. How could you *possibly say this !?! It is literally the definition of not having to break ones back to feed their family! The problem is, we have allowed our money supply to become manipulated so that inflation can capture the productivity increases to those controlling the money supply instead of to those producing the output. I post this wherever I see this argument, as someone else has done the work to CLEARLY show the data that shows where the output goes: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/