\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Admit, waitlist or deny this Yale 250?

It can be easy to mistake positive economics for a science w...
Brilliant hot principal's office
  07/22/18
Admit!
Buff National Corn Cake
  07/22/18
...
comical ebony public bath
  07/22/18
Lmao
Pale cheese-eating center
  07/22/18
I know right. Huh? What did he just say?
Citrine People Who Are Hurt Main People
  07/22/18
He invented a fake scenario then suggests economics ought to...
Pale cheese-eating center
  07/22/18
not only should is this an obvious deny, this fag's econ deg...
seedy hospital
  07/22/18
i took the LSAT 8 years ago but this gave me flashbacks of a...
Sapphire autistic love of her life
  07/22/18
...
Brilliant hot principal's office
  07/22/18
...
Brilliant hot principal's office
  07/22/18
LJL
mentally impaired wild liquid oxygen half-breed
  07/22/18
That's a ding even for a Cooley 250
Sienna fanboi
  07/22/18
...
kink-friendly locus
  07/22/18
...
Brilliant hot principal's office
  07/22/18


Poast new message in this thread



Reply Favorite

Date: July 22nd, 2018 12:05 AM
Author: Brilliant hot principal's office

It can be easy to mistake positive economics for a science without values. Its language is mathematics and a formula does not declare if the phenomena it describes is good or bad. However, there is a difference between describing rates of spending or economic growth and attempting to quantify something like human development which is composed of more than just strict economic factors.

On its face, the Human Development Index (HDI) is, like the Gini Index or Consumer Price Index, a silent formula, but closer inspection reveals that value judgements can be written in the language of mathematics.

A country’s HDI is found by taking the geometric mean of three scaled indicators: income per capita, life expectancy, and education. The HDI’s method of aggregating these indicators allows improvements in one indicator to compensate for a decline in another. This substitutability implies that a reduction in life expectancy can be justified by economic growth and also allows the monetary value of human life to be calculated. Doing this calculation makes the troubling suggestion that human life is worth less in poorer countries.

All of this is implicit in the formula’s construction.

Yet, this is not necessarily a flaw in economics or the math that underlies its concepts. In fact, the ability to express a value judgement in a formula is a powerful tool. However, in order to use it responsibly, implicit judgments must be made explicit lest the formula be allowed to dictate our values rather than the other way around.

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473443)



Reply Favorite

Date: July 22nd, 2018 12:06 AM
Author: Buff National Corn Cake

Admit!

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473446)



Reply Favorite

Date: July 22nd, 2018 5:41 PM
Author: comical ebony public bath



(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36476453)



Reply Favorite

Date: July 22nd, 2018 12:09 AM
Author: Pale cheese-eating center

Lmao

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473455)



Reply Favorite

Date: July 22nd, 2018 12:10 AM
Author: Citrine People Who Are Hurt Main People

I know right. Huh? What did he just say?

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473465)



Reply Favorite

Date: July 22nd, 2018 12:15 AM
Author: Pale cheese-eating center

He invented a fake scenario then suggests economics ought to thereby become radically shitlib because hey it's already inherently normative which means literally anything goes utopia tomorrow or violence.

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473478)



Reply Favorite

Date: July 22nd, 2018 12:39 AM
Author: seedy hospital

not only should is this an obvious deny, this fag's econ degree should be revoked

nobody is making policy decisions around this retarded index

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473547)



Reply Favorite

Date: July 22nd, 2018 12:41 AM
Author: Sapphire autistic love of her life

i took the LSAT 8 years ago but this gave me flashbacks of a long logical reasoning prompt. still not really sure what this was even about.

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473555)



Reply Favorite

Date: July 22nd, 2018 10:38 AM
Author: Brilliant hot principal's office



(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36474248)



Reply Favorite

Date: July 22nd, 2018 2:48 PM
Author: Brilliant hot principal's office



(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36475496)



Reply Favorite

Date: July 22nd, 2018 2:55 PM
Author: mentally impaired wild liquid oxygen half-breed

LJL

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36475535)



Reply Favorite

Date: July 22nd, 2018 4:04 PM
Author: Sienna fanboi

That's a ding even for a Cooley 250

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36475890)



Reply Favorite

Date: July 22nd, 2018 4:07 PM
Author: kink-friendly locus



(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36475898)



Reply Favorite

Date: July 22nd, 2018 5:26 PM
Author: Brilliant hot principal's office



(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36476356)