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GDP is an arbitrary abstraction: https://en.wikipedia.org/wiki/Imputed_rent https://en.wikipedia.org/wiki/Imputed_rent We could have simply not calculated impu
by csomar 8mo ago
GDP is an arbitrary abstraction: https://en.wikipedia.org/wiki/Imputed_rent https://en.wikipedia.org/wiki/Imputed_rent
We could have simply not calculated imputed rent (or all of rents).
- Retric 8mo agoEven in a society of 1 person that person would prefer to live in a mud hut than outside getting rained on. Ignoring imputed rent ignores that value and therefore is objectively wrong.