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It can be easy to mistake positive economics for a science w...
Henna provocative resort
  07/22/18
Admit!
Beady-eyed Mint Jewess
  07/22/18
...
Indecent mood
  07/22/18
Lmao
flushed wild piazza circlehead
  07/22/18
I know right. Huh? What did he just say?
Narrow-minded orange bawdyhouse
  07/22/18
He invented a fake scenario then suggests economics ought to...
flushed wild piazza circlehead
  07/22/18
not only should is this an obvious deny, this fag's econ deg...
Coral trailer park
  07/22/18
i took the LSAT 8 years ago but this gave me flashbacks of a...
lemon temple
  07/22/18
...
Henna provocative resort
  07/22/18
...
Henna provocative resort
  07/22/18
LJL
Slimy Principal's Office
  07/22/18
That's a ding even for a Cooley 250
pearl mentally impaired degenerate
  07/22/18
...
wonderful bearded affirmative action
  07/22/18
...
Henna provocative resort
  07/22/18


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Date: July 22nd, 2018 12:05 AM
Author: Henna provocative resort

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.

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473443)



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Date: July 22nd, 2018 12:06 AM
Author: Beady-eyed Mint Jewess

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: Indecent mood



(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: flushed wild piazza circlehead

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: Narrow-minded orange bawdyhouse

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: flushed wild piazza circlehead

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: Coral trailer park

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

(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36473547)



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Date: July 22nd, 2018 12:41 AM
Author: lemon temple

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: Henna provocative resort



(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: Henna provocative resort



(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: Slimy Principal's Office

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: pearl mentally impaired degenerate

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: wonderful bearded affirmative action



(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: Henna provocative resort



(http://www.autoadmit.com/thread.php?thread_id=4032005&forum_id=2#36476356)