Archived posting to the Leica Users Group, 2011/03/12
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Governing and democracy need and demand a hell of a lot more than economics formulae and simple business decisions. Of course, the international corporations currently buying our government could care less about anyone but their own stockholders and CEOs. ric On Mar 12, 2011, at 2:51 PM, George Lottermoser wrote: > On Mar 12, 2011, at 1:23 PM, Rei Shinozuka wrote: > >> the get out of jail card is the total factor productivity term (TFP) >> which is associated with innovation, technology and so on. there are no >> limitations to the growth of TFP unlike the other inputs. >> >> the formulation of TFP within cobb-douglas is an illustration that >> economics is not the shuffling of resources from one person to >> another--value really does get created along the way. > > > Do any of those formulas factor in: > 1) depletion of resources > 2) real cost to eco-systems > 3) climate change > 4) depletion of top soil by de-forestation poor agricultural practices > 5) effects and costs of heavy metals, pesticides, herbicides on health and > environment > 6) nuclear power plant melt downs > 7) earth quakes and costs of reconstruction > 8) depletion of oceanic food supplies > 9) over population - regionally or globally > 10) cost of health care locally, regionally or globally > 11) infant mortality > 12) effects and costs of war > 13) effects and costs of famine > 14) disease control > (the list is endless - and they're real costs which must be factored in > sooner or later) > > I doubt the formulas consider the plunder of resources from the Indigenous > populations. > They're economists' formulas and have little to do with sustainable, > healthy cultures or social justice. > > They're attempts to figure out how to profit from exploitation of capital > and labor; > and assume that resources do not belong to the common good of the > population; > but rather to "capitalists." > > Regards, > George Lottermoser > george at imagist.com > http://www.imagist.com > http://www.imagist.com/blog > http://www.linkedin.com/in/imagist > > > > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information