\
  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...
Contagious Hot Forum
  07/22/18
Admit!
boyish iridescent lettuce
  07/22/18
...
Comical public bath
  07/22/18
Lmao
clear mad-dog skullcap set
  07/22/18
I know right. Huh? What did he just say?
excitant home prole
  07/22/18
He invented a fake scenario then suggests economics ought to...
clear mad-dog skullcap set
  07/22/18
not only should is this an obvious deny, this fag's econ deg...
misunderstood twinkling knife
  07/22/18
i took the LSAT 8 years ago but this gave me flashbacks of a...
Sooty Fat Ankles Quadroon
  07/22/18
...
Contagious Hot Forum
  07/22/18
...
Contagious Hot Forum
  07/22/18
LJL
slippery chrome really tough guy potus
  07/22/18
That's a ding even for a Cooley 250
Beta Telephone
  07/22/18
...
avocado fluffy community account
  07/22/18
...
Contagious Hot Forum
  07/22/18


Poast new message in this thread



Reply Favorite

Date: July 22nd, 2018 12:05 AM
Author: Contagious Hot Forum

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: boyish iridescent lettuce

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 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: clear mad-dog skullcap set

Lmao

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



Reply Favorite

Date: July 22nd, 2018 12:10 AM
Author: excitant home prole

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: clear mad-dog skullcap set

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: misunderstood twinkling knife

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: Sooty Fat Ankles Quadroon

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: Contagious Hot Forum



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



Reply Favorite

Date: July 22nd, 2018 2:48 PM
Author: Contagious Hot Forum



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



Reply Favorite

Date: July 22nd, 2018 2:55 PM
Author: slippery chrome really tough guy potus

LJL

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



Reply Favorite

Date: July 22nd, 2018 4:04 PM
Author: Beta Telephone

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: avocado fluffy community account



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



Reply Favorite

Date: July 22nd, 2018 5:26 PM
Author: Contagious Hot Forum



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