Comments for Counter Economics http://counterecon.com Critical Thinking Applied to Economics and Finance Mon, 21 Jun 2010 08:22:14 +0000 hourly 1 http://wordpress.com/ Comment on Why GDP Cannot Be Used to Measure Economic Benefit by darran http://counterecon.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-754 darran Mon, 21 Jun 2010 08:22:14 +0000 https://counterecon.wordpress.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-754 the un also use the capabilities approach for the measure meant of there HDI , human index measurement but again national governments use differing mathematics and so these figures when used together possibly give a skewed result and one that is not the full picture , possibly it may be a way of not accounting in the widest range , in that it allows a break down of economic functioning while not revealing these functions. heres a smidgen on capabilities The Capability Approach (aka Capabilities Approach) began life in the 1980s as an approach to welfare economics. In this approach, Amartya Sen brought together a range of ideas that were hitherto excluded from (or inadequately formulated in) traditional approaches to the economics of welfare. Initially Sen argued for: * the importance of real freedoms in the assessment of a person's advantage, * individual differences in the ability to transform resources into valuable activities, * the centrality of the distribution of welfare within society, * the multi-variate nature of activities that give rise to happiness, * against excessive materialism in the evaluation of human welfare. one of the most inprotant points is poverty and deprevation should not be looked at as being fixed in a functional or utilatarian manner but through the manner of capability deprevation that allows to oppertuity to choice ( while it can be argued ( correctly ) that the avalibility to oppertunity can be rotted in the inherant class structures and so the oppertunity to choice may be imbalanced ) fumdamenatal sens is different as he left behind standard economic principles and sought a philisophical answer that wasnt just based on abstract economical ideas. regards darran the un also use the capabilities approach for the measure meant of there HDI , human index measurement but again national governments use differing mathematics and so these figures when used together possibly give a skewed result and one that is not the full picture , possibly it may be a way of not accounting in the widest range , in that it allows a break down of economic functioning while not revealing these functions.

heres a smidgen on capabilities

The Capability Approach (aka Capabilities Approach) began life in the 1980s as an approach to welfare economics. In this approach, Amartya Sen brought together a range of ideas that were hitherto excluded from (or inadequately formulated in) traditional approaches to the economics of welfare.

Initially Sen argued for:

* the importance of real freedoms in the assessment of a person’s advantage,
* individual differences in the ability to transform resources into valuable activities,
* the centrality of the distribution of welfare within society,
* the multi-variate nature of activities that give rise to happiness,
* against excessive materialism in the evaluation of human welfare.

one of the most inprotant points is poverty and deprevation should not be looked at as being fixed in a functional or utilatarian manner but through the manner of capability deprevation that allows to oppertuity to choice ( while it can be argued ( correctly ) that the avalibility to oppertunity can be rotted in the inherant class structures and so the oppertunity to choice may be imbalanced )

fumdamenatal sens is different as he left behind standard economic principles and sought a philisophical answer that wasnt just based on abstract economical ideas.

regards

darran

]]> Comment on Why GDP Cannot Be Used to Measure Economic Benefit by darran http://counterecon.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-753 darran Mon, 21 Jun 2010 08:03:27 +0000 https://counterecon.wordpress.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-753 hi shaun ta very much well the WHO use sens cappabilities to account in the main instead of the gdp method, as for why nations and in particular liberal capitalist nations dont use it is that they would have to give up a little more to have a balanced and less impoverished economic structure that punnishes thoes that have no voice. hi shaun ta very much

well the WHO use sens cappabilities to account in the main instead of the gdp method, as for why nations and in particular liberal capitalist nations dont use it is that they would have to give up a little more to have a balanced and less impoverished economic structure that punnishes thoes that have no voice.

]]> Comment on Why GDP Cannot Be Used to Measure Economic Benefit by darran http://counterecon.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-752 darran Mon, 21 Jun 2010 08:00:27 +0000 https://counterecon.wordpress.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-752 may be these classical and standard economist should reread smelser and reading on economic sociology. as , we have seen economics and the social world are intrinsic and not seprable, we cannot create policy in a vacume without understanding and accounting for thoes that the policy will impact on. regards darran may be these classical and standard economist should reread
smelser and reading on economic sociology. as , we have seen economics and the social world are intrinsic and not seprable, we cannot create policy in a vacume without understanding and accounting for thoes that the policy will impact on.

regards
darran

]]> Comment on Why GDP Cannot Be Used to Measure Economic Benefit by Shaun Snapp http://counterecon.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-751 Shaun Snapp Mon, 21 Jun 2010 07:55:29 +0000 https://counterecon.wordpress.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-751 Great comment Darran. Any idea why this approach is so infrequently mentioned? Do you see it becoming used more frequently in the future? I have observed that bad statistics/measurements are used, even after their shortcomings are made apparent because they become "the standard." Great comment Darran. Any idea why this approach is so infrequently mentioned? Do you see it becoming used more frequently in the future? I have observed that bad statistics/measurements are used, even after their shortcomings are made apparent because they become “the standard.”

]]> Comment on Why GDP Cannot Be Used to Measure Economic Benefit by darran http://counterecon.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-750 darran Mon, 21 Jun 2010 07:38:27 +0000 https://counterecon.wordpress.com/2010/06/20/why-gdp-cannot-be-used-to-measure-economic-benefit/#comment-750 hi shaun while i agree the use of GDP is a falsification of production and used to fudge figures. it should be mentioned that there are other forms of measurement . such as amarta sen and his capabilities approach , while not 100% fool proof is a better mesurement than gdp which as you suggest it malable and can be bent to what ever you want it to say be it high or low employment regards darran hi shaun while i agree the use of GDP is a falsification of production and used to fudge figures.
it should be mentioned that there are other forms of measurement .

such as amarta sen and his capabilities approach , while not 100% fool proof is a better mesurement than gdp which as you suggest it malable and can be bent to what ever you want it to say be it high or low employment

regards

darran

]]> Comment on Fake Statistics Pointed Out by Kevin Philips by Why GDP Cannot Be Used to Measure Economic Benefit « Counter Economics http://counterecon.com/2009/08/06/fake-statistics-by-kevin-philips/#comment-749 Why GDP Cannot Be Used to Measure Economic Benefit « Counter Economics Sun, 20 Jun 2010 19:58:50 +0000 http://counterecon.com/?p=1381#comment-749 [...] http://counterecon.com/2009/08/06/fake-statistics-by-kevin-philips/ [...] [...] http://counterecon.com/2009/08/06/fake-statistics-by-kevin-philips/ [...]

]]> Comment on CitiBank Uses Six Sigma To Drop Lending Standards by Shaun Snapp http://counterecon.com/2010/02/01/citibank-makes-a-six-sigma-piece-of-garbage/#comment-746 Shaun Snapp Tue, 15 Jun 2010 06:14:58 +0000 http://counterecon.wordpress.com/2010/02/01/citibank-makes-a-six-sigma-piece-of-garbage/#comment-746 Just so you know, my position is not that capitalism is the wrong system, only that it requires extensive checks and balances or it becomes rife with monopolies and abuse, such as what we are seeing right now with BP and what we saw with extensive financial industry fraud. My position is also that many large companies are completely lying about their value add to society. BP's value add is very small, and primarily based upon cheating taxpayers out of their mineral rights. Banks pretend they are private firms, when in fact their power flows from the fractional reserve system....which is entirely government based. This blog describes how arguments about capitalism are mostly misleading and futile, and that there can be good forms or bad forms. The US happens to practice one particular modality of capitalism that is unsustainable and is leading us to becoming a third world nation. http://counterecon.com/2008/01/11/unquestioned-capitalism/ Please read it, because many people visit this blog and quickly assume that it's view is that I want to change economic systems. This is not the case. The blog is proposing a more sustainable and less abusive form of capitalism, and that many things which we are told are capitalist or "free market" are in fact really just monopolies or socialism for the rich. Another proposal of the blog is that the vast majority of Americans are unable to either think critically, or to break through years of propaganda that they are free and live in some type of "democracy." Just so you know, my position is not that capitalism is the wrong system, only that it requires extensive checks and balances or it becomes rife with monopolies and abuse, such as what we are seeing right now with BP and what we saw with extensive financial industry fraud. My position is also that many large companies are completely lying about their value add to society. BP’s value add is very small, and primarily based upon cheating taxpayers out of their mineral rights. Banks pretend they are private firms, when in fact their power flows from the fractional reserve system….which is entirely government based. This blog describes how arguments about capitalism are mostly misleading and futile, and that there can be good forms or bad forms. The US happens to practice one particular modality of capitalism that is unsustainable and is leading us to becoming a third world nation.

http://counterecon.com/2008/01/11/unquestioned-capitalism/

Please read it, because many people visit this blog and quickly assume that it’s view is that I want to change economic systems. This is not the case. The blog is proposing a more sustainable and less abusive form of capitalism, and that many things which we are told are capitalist or “free market” are in fact really just monopolies or socialism for the rich. Another proposal of the blog is that the vast majority of Americans are unable to either think critically, or to break through years of propaganda that they are free and live in some type of “democracy.”

]]> Comment on CitiBank Uses Six Sigma To Drop Lending Standards by theresa http://counterecon.com/2010/02/01/citibank-makes-a-six-sigma-piece-of-garbage/#comment-744 theresa Tue, 15 Jun 2010 05:18:22 +0000 http://counterecon.wordpress.com/2010/02/01/citibank-makes-a-six-sigma-piece-of-garbage/#comment-744 Interesting Blog. I have to disagree with you about Capitalism. It is fare from neutral. Check out Michael Parenti's books and talks or even Das Kapital. Many are under the false impression that Marx wrote about Communism but no, he wrote about Capitalism. Interesting Blog. I have to disagree with you about Capitalism. It is fare from neutral. Check out Michael Parenti’s books and talks or even Das Kapital. Many are under the false impression that Marx wrote about Communism but no, he wrote about Capitalism.

]]> Comment on Nobody Actually Reads Karl Marx and Capital by joeshmo http://counterecon.com/2009/08/25/nobody-actually-reads-karl-marx-and-capital/#comment-743 joeshmo Tue, 15 Jun 2010 02:32:54 +0000 http://counterecon.com/?p=1443#comment-743 For any interested parties: A close reading of the text of Karl Marx's Capital Volume I in 13 video lectures by David Harvey. David Harvey is a Distinguished Professor at the City University of New York (CUNY), Director of The Center for Place, Culture and Politics, and author of numerous books. He has been teaching Karl Marx's Capital for nearly 40 years.: http://davidharvey.org/reading-capital/ For any interested parties:

A close reading of the text of Karl Marx’s Capital Volume I in 13 video lectures by David Harvey.

David Harvey is a Distinguished Professor at the City University of New York (CUNY), Director of The Center for Place, Culture and Politics, and author of numerous books. He has been teaching Karl Marx’s Capital for nearly 40 years.:

http://davidharvey.org/reading-capital/

]]> Comment on The How Much you Can Extract for Oil Producing Countries Game by Why is BP in Control of Oil in the Gulf? « Counter Economics http://counterecon.com/2009/08/24/the-how-much-you-can-extract-for-oil-producing-countries-game/#comment-742 Why is BP in Control of Oil in the Gulf? « Counter Economics Mon, 14 Jun 2010 20:48:53 +0000 http://counterecon.com/?p=1435#comment-742 [...] http://counterecon.com/2009/08/24/the-how-much-you-can-extract-for-oil-producing-countries-game/ [...] [...] http://counterecon.com/2009/08/24/the-how-much-you-can-extract-for-oil-producing-countries-game/ [...]

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