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by LudwigNagasena
1650 days ago
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>plenty of economists think GDP is good enough to be useful. Which means it’s informing their decisions or it wouldn’t be useful Yeah, that's precisely my point. It's informing their decisions. >You can’t say measure X is useful, and it’s flaws are well known therefore it’s flaws are irrelevant. If it’s useful then it’s flaws are part of any decision made using it. Measure X is useful, its flaws are well known therefore people who use it account for its flaws during the decision making process. |
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