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You go ahead and keep tilting at windmills. I’ve no desire to get sucked into your nonsense any more than I already have.
Yes, it does seem unlikely that men with PhDs in economics would be inclined to admit that they have gotten middle school algebra incorrect for 75 years. But more consumers may have to throw away more garbage for GDP to keep going up. Maybe Zoomers will notice.
Have you noticed that this can affect the planet you live on? Economists I have talked to come across as technological morons. All that matters is the money that gets passed around buying junk.
But we should worship Adam Smith's book, Wealth of Nations. Heaven forbid that we should read that he said, "read, write, and ACCOUNT".
How did we get, "read, write and 'rithmetic?"
Have the economists noticed the difference?
So it seems like your angle is environmental right? So how does not including depreciation in GDP numbers lead the negative outcomes for the environment?
I feel like we are playing a game now of me asking questions and you not answering them but I am game for it.
Yes, it does seem unlikely that men with PhDs in economics would be inclined to admit that they have gotten middle school algebra incorrect for 75 years. But more consumers may have to throw away more garbage for GDP to keep going up. Maybe Zoomers will notice.
So it seems like your angle is environmental right? So how does not including depreciation in GDP numbers lead the negative outcomes for the environment?
I feel like we are playing a game now of me asking questions and you not answering them but I am game for it.
Regardless of whether or not there is planned obsolescence, durable consumer goods wear out and therefore depreciate. If planned obsolescence does exist then we have unnecessary manufacturing and pollution.
Economists have no excuse for totally ignoring demand side depreciation since WWII, they have just been doing it without saying. A few people with economics degrees I have talked to don't even know. We go to school and memorize what is in the books and assume it is complete and correct.
Regardless of whether or not there is planned obsolescence, durable consumer goods wear out and therefore depreciate. If planned obsolescence does exist then we have unnecessary manufacturing and pollution.
Economists have no excuse for totally ignoring demand side depreciation since WWII, they have just been doing it without saying. A few people with economics degrees I have talked to don't even know. We go to school and memorize what is in the books and assume it is complete and correct.
So what? Who cares if depreciation isn't in the equation? I'm not a lover of GDP for other reasons. I don't see any importance to yours.
I've come to believe that you want GDP lower and the economics to look poorer because you feel more durable goods is better for the environment. Is that your angle? Reduce GDP by depreciation to encourage the use of longer lasting products?
Oh and they aren't making an algebra mistake. They just aren't using the data you want them to. But why should they? You haven't explained that
Location: Formerly NYC by week; ATL by weekend...now Rio bi annually and ATL bi annually
1,522 posts, read 2,242,785 times
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Quote:
Originally Posted by psikeyhackr
I brought this over from a thread about someone trying to get a job in Information Technology.
It was just a specific case of dealing with economics. So I decided to stop being off topic.
Economists have been ignoring the depreciation of durable consumer goods since WWII. The Laws of Physics do not care about economics. Machines wear out and therefore depreciate. Economists don't tell us that they have been ignoring the depreciation of durable consumer goods for decades.
What is NDP?
Can economists do algebra?
NDP = GDP - Dcap
Real NDP = GDP - (Dcap + Dcon)
Dcap = Depreciation of Capital Goods
Dcon = Depreciation of Consumer Goods
iEconomists arent Fin Analysts nor Accountants. Forecatsing and Modeling has absolutely nothing to do with Accounting. Especially fixed asset accounting. So what convo are you trying to have with the forum exactly?
So what? Who cares if depreciation isn't in the equation? I'm not a lover of GDP for other reasons. I don't see any importance to yours.
I've come to believe that you want GDP lower and the economics to look poorer because you feel more durable goods is better for the environment. Is that your angle? Reduce GDP by depreciation to encourage the use of longer lasting products?
Oh and they aren't making an algebra mistake. They just aren't using the data you want them to. But why should they? You haven't explained that
What is science?
We have the terms political science and social science and people argue about whether or not economics is a science but you are willing to refuse to observe phenomenon and throw away data.
This makes sense to you? Like there is no difference between a banana and an air conditioner just because they are both called consumer goods.
We have the terms political science and social science and people argue about whether or not economics is a science but you are willing to refuse to observe phenomenon and throw away data.
This makes sense to you? Like there is no difference between a banana and an air conditioner just because they are both called consumer goods.
Im trying to figure out what kind of a person writes like you do. What is going on in that head of yours.
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