Comments on: The Man Who Invented GDP

By: Pet Peeve of the Day – Econometrics « Casual Thoughts

Pet Peeve of the Day – Econometrics « Casual Thoughts — Sat, 14 Nov 2009 18:27:48 +0000

[...] founding joke of econometrics is the concept of GDP, for which we have to thank nobody else but John Maynard Keynes, the Great and Wonderful Wizard of Oxbrigde. Why it is a joke, [...]

By: CorruptionRadio

CorruptionRadio — Tue, 10 Nov 2009 18:18:50 +0000

These types of economics is what is used to set up the modern system of Imperialism. NAFTA would more appropriately be called NAMTA the North American Manipulated Trade Agreement.

http://corruptionradio.com/2009/10/op-ed-the-cause-and-history-of-imperialism/

Jordan

By: TC

TC — Sun, 01 Nov 2009 08:45:14 +0000

People are already thinking of better ways to do things; unfortunately, these ideas haven’t become mainstream yet.

Checkout “The Venus Project”

By: Pluranomics

Pluranomics — Wed, 25 Mar 2009 00:01:31 +0000

The best example is increases in rent and insurance. How can such 2 obvious cost items be “cheered” by GDP measures. A related question is why food and energy are not including in Core CPI. Then what is CPI?

Economics is completely misunderstand. Simple and observable Economic Laws that were once taught by economists such Ricardo and Walrus have seemingly been forgotten. The Law of Land Scarcity and Economic Proportions (land and labor rise and fall together) must be understood in order to sustain any economy.

I would argue that pro growth advocates (i.e. landlords) developed a system of accounting that supported their short-term without regards to economic value. In the short-term, it seemed to “work”, but that is not good enough. How about a theoretical system that profits by producing more education as opposed to more houses and cars, more diversity as opposed to monopoly of culture, art as opposed to science, and ultimately more free time as opposed to labor time.

That being said, a new economic theory does exist, but no one seems to want to learn it. I have studied and written about it in The New Game, A strategy to reinvent the American economy.

P.S. Keynes never made sense, so don’t try to make sense of it.

By: Maria Gilardin

Maria Gilardin — Fri, 13 Mar 2009 21:56:10 +0000

I like your question – how indeed was this done before Keynes? And why do we take the GDP for granted? And I’m coming back to your blog from time to time to see if someone posts an answer.

And how did a system designed to pay for war become the mandatory accounting system for the post WWII era. A measurement that recognizes only monetary exchanges regardless of how they came about, that encourages environmental destruction since a dead tree is more valuable than a living one – etc.

Isn’t it time to think about something better?
Maria

By: Maria Gilardin

Maria Gilardin — Fri, 13 Mar 2009 21:55:18 +0000

I like your question – how indeed was this done before Keynes? And why do we take the4 GDP for granted? And I’m coming back to your blog from time to time to see if someone posts an answer.

Isn’t it time to think about something better?
Maria