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PeakOil is You

The Consumerism Thread (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: The Consumerism Thread (merged)

Unread postby vtsnowedin » Thu 25 Jan 2018, 21:45:54

$this->bbcode_second_pass_quote('Outcast_Searcher', 'I') noticed upthread various comments about how GDP supposedly works, re calculating it.

I have been reading "Capitalism Without Capital", which discusses the rise, place, and calculation of increasingly important intangible assets (i.e. software, training skilled employees, complex production processes, etc), vs. the traditional "if you drop it on your foot you hurt yourself" assets that historically were the bulk of business capital assets.

I noticed references to a couple books on the history of the modern GDP measures, decisions on how things are calculated, etc. (Sigh, the need to learn more to understand things never ceases, and in fact it accelerates).

Since almost all of us (including yours truly) aren't economists, I wondered how many folks here might have an interest in a summary of how such a book/books say modern GDP calculations work -- assuming I can put together a useful brief summary from reading such books over the coming weeks or so. (I can promise honesty, but no special insight).

(Given how much argument there is on this site over time on the use of GDP re economic health of countries, I thought it might be a worthy topic).

Just thought I'd ask, as it's not like I don't have other projects with higher priority, unless there is real interest.

Thanks for any thoughts, in advance.

An honest effort to research a body of material and report your findings can't possibly hurt and might be quite useful. The task becomes sorting out valuable sources worth you time from those ,shall we say less worthy,pieces that sadly outnumber the stuff worth reading.
Let us know how you make out and I hope you have the time to give it a fair shot.
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