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jackym
searching PlanetScale…
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by
jackym
13y ago
Yes, exactly. But modern economics isn't actually measuring that, and I think is in a certain amount of denial about it occurring at all. Economic growth is growth in GDP. GDP is calculated as function of price, and although it's
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by
jackym
13y ago
Generally speaking, the problem with Economic models is that they are mathematical models of a particular economic theorem or 'identity', as economists sometimes prefer to call them. When you dig into the scientific basis for thos