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It can be easy to mistake positive economics for a science w...
razzle-dazzle sexy water buffalo school
  07/22/18
Admit!
plum cocky hunting ground affirmative action
  07/22/18
...
Bossy home
  07/22/18
Lmao
excitant bull headed kitchen
  07/22/18
I know right. Huh? What did he just say?
disgusting depressive pit
  07/22/18
He invented a fake scenario then suggests economics ought to...
excitant bull headed kitchen
  07/22/18
not only should is this an obvious deny, this fag's econ deg...
marvelous at-the-ready puppy
  07/22/18
i took the LSAT 8 years ago but this gave me flashbacks of a...
glittery thirsty famous landscape painting
  07/22/18
...
razzle-dazzle sexy water buffalo school
  07/22/18
...
razzle-dazzle sexy water buffalo school
  07/22/18
LJL
Vengeful Locus
  07/22/18
That's a ding even for a Cooley 250
Cracking puce theatre love of her life
  07/22/18
...
Glassy Useless Brakes
  07/22/18
...
razzle-dazzle sexy water buffalo school
  07/22/18


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Date: July 22nd, 2018 12:05 AM
Author: razzle-dazzle sexy water buffalo school

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: plum cocky hunting ground affirmative action

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: Bossy home



(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: excitant bull headed kitchen

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: disgusting depressive pit

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: excitant bull headed kitchen

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: marvelous at-the-ready puppy

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: glittery thirsty famous landscape painting

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: razzle-dazzle sexy water buffalo school



(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: razzle-dazzle sexy water buffalo school



(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: Vengeful Locus

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: Cracking puce theatre love of her life

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: Glassy Useless Brakes



(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: razzle-dazzle sexy water buffalo school



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