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It can be easy to mistake positive economics for a science w...
stimulating chad range
  07/22/18
Admit!
twisted irradiated wagecucks marketing idea
  07/22/18
...
hairraiser yellow crotch institution
  07/22/18
Lmao
black meetinghouse
  07/22/18
I know right. Huh? What did he just say?
aqua aphrodisiac area
  07/22/18
He invented a fake scenario then suggests economics ought to...
black meetinghouse
  07/22/18
not only should is this an obvious deny, this fag's econ deg...
fishy galvanic mental disorder
  07/22/18
i took the LSAT 8 years ago but this gave me flashbacks of a...
thirsty brunch fanboi
  07/22/18
...
stimulating chad range
  07/22/18
...
stimulating chad range
  07/22/18
LJL
abusive windowlicker
  07/22/18
That's a ding even for a Cooley 250
Provocative Theatre
  07/22/18
...
Exhilarant puce field
  07/22/18
...
stimulating chad range
  07/22/18


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Date: July 22nd, 2018 12:05 AM
Author: stimulating chad range

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)



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Date: July 22nd, 2018 12:06 AM
Author: twisted irradiated wagecucks marketing idea

Admit!

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



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Date: July 22nd, 2018 5:41 PM
Author: hairraiser yellow crotch institution



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



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Date: July 22nd, 2018 12:09 AM
Author: black meetinghouse

Lmao

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



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Date: July 22nd, 2018 12:10 AM
Author: aqua aphrodisiac area

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

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



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Date: July 22nd, 2018 12:15 AM
Author: black meetinghouse

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)



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Date: July 22nd, 2018 12:39 AM
Author: fishy galvanic mental disorder

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)



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Date: July 22nd, 2018 12:41 AM
Author: thirsty brunch fanboi

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)



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Date: July 22nd, 2018 10:38 AM
Author: stimulating chad range



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



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Date: July 22nd, 2018 2:48 PM
Author: stimulating chad range



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



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Date: July 22nd, 2018 2:55 PM
Author: abusive windowlicker

LJL

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



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Date: July 22nd, 2018 4:04 PM
Author: Provocative Theatre

That's a ding even for a Cooley 250

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



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Date: July 22nd, 2018 4:07 PM
Author: Exhilarant puce field



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



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Date: July 22nd, 2018 5:26 PM
Author: stimulating chad range



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