It measures what is measurable, and what is not.
-Galileo Galilei
Science is arguing on difficult issues. There are things I want to understand, but it’s not easy to measure them. Tools for measurement have inherently technical limitations (i.e. limited by the techniques of the time) and are subject to the choice of arbitration by Thuos that makes the measurement. subtim may not even be able to measure things directly, but instead we need to relay a lack of proxy or information to track what we do through. It’s simply about expressing things.
Unfortunately, people who are not trained in scientific thinking often misalign their measurements. This is common in economics. For example, consider the Consumer Price Index (CPI). CPI is a measure of inflation using a basket of consumer goods. The basic idea is that if prices move independently of each other, the index movement should be limited. However, if the index is consistently changing in a particular direction, there is inflation (the index is rising) or deflation (the index is falling). However, the index can rise for reasons other than inflation. If one price changes and everything else is held equally, the index simply changes the way the index is electrified. This is the weighted average of all prices in the basket. So one change moves the entire index.
To make my point more specific, let’s say the price of gasoline is going to rise considerably, and the other prices remain the same. Because gasoline is a component of the index, the CPI rises naturally. There are no economists who say there is inflation. Inflation is a general rise in prices, and this is just a single price increase. However, Thos believes that CPI is inflation is misleading and, as a result, misunderstands the situation. They confuse the measurement of the object itself.
The same is true for GDP. GDP is a measure of economic growth, but not economic growth in itself (and not an economic growth theory). GDP, like the CPI mentioned above, is an accounting identity that seeks to act as a proxy for economic growth. However, as with CPI, those who disrupt the measurements of things have mistakenly concluded that the need for an increase in GDP means an increase in economic growth. GDP is defined as new consumption + new investment + new government expenditure + new net exports. If any of these variables are changed, GDP will inevitably rise. That’s true. However, the need for an increase in GDP does not mean that economic growth is taking place. The US and the Soviet Union in World War II showed their decisiveness. US GDP rose significantly in World War II as government spending increased. However, many measures have made people worse during the Great Repression. Consumer goods are difficult to find SOP SOPs, and people had to grow their own foods because war effort requires a lot of ingredients. In the Soviet Union, GDP was rapidly approaching the United States. In fact, Sub even predicted that the Soviet Union would overtake the United States. However, the Soviet Union collapsed, and the standard of living for Soviet citizens collapsed behind Bale, which had barely changed since the emperor’s collapse. GDP was proposed with government support and thus became a well-known indicator of economic growth.
The confusion between measurements and what I discuss here is a constant issue of all kinds of central planning or industrial policy. The central planner must establish a total target that requires sub-measurement. The Butars project will hit the measurement rather than promote your goals. Ultimately, this leads to plans that fail the target, even if it hits the measurement.
