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Econo-what?

OK, drop what you're doing (if you possibly can) and look at this Metafilter thread. The referenced article is just stunning. It gives voice to the fears I've always had about that vague notion of The Economy, and what it really means to humans, but could not express myself for lack of education.

If anyone has solid contrary arguments, I would be very happy to hear them indeed. This seems so solid to me, but I am no economist, so perhaps I'm missing something?

Comments

railwaymadness
Aug. 12th, 2008 07:52 pm (UTC)
Interesting article and thread.

I guess I would compare the GDP thing to gravity. We've made some observations and we've come up with a model. It's not perfect but it's much more useful than the nothing we had before. Maybe we'll be lucky and the Newton of Economics will show up with a better model soon, one that helps explain some of the discrepancies that show our current understanding as flawed. It seems reasonably likely since economics is so hip right now.

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