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Date: July 22nd, 2018 12:05 AM Author: erotic ultramarine therapy 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. |
Date: July 22nd, 2018 12:06 AM Author: boyish blue ticket booth 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: Thriller aquamarine locus bbw (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: sticky police squad 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: charcoal hominid 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: sticky police squad 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: light property 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 |
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Date: July 22nd, 2018 12:41 AM Author: Coral Market 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: erotic ultramarine therapy (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: erotic ultramarine therapy (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: Maniacal wagecucks telephone 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: brilliant pontificating area 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: Orange aggressive sanctuary new version (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: erotic ultramarine therapy (http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36476356) |