| The author goes from Every careful person equipped with a reliable thermometer will make the same reading of temperature. There are alternative scales, Fahrenheit and Celsius, but both record the same thing... to Economics is genuinely harder. National income is a more complicated concept than temperature, and there are plausible alternative sets of rules for calculating it. Serious minded statisticians have spent many years discussing these issues, and there is now a UN-sponsored standardised system of national accounts. But it is easy to write a mathematical symbol without giving thought to what observable fact in the real world corresponds to that symbol, or whether there is such an observable fact at all. But isn't that exactly how we settled on the truth of temperature? Years of debate about what the right constructs for defining temperature mathematically are? |