Category Archive: Economics

Nov 27

Does Our National Accounting System Reflect Our Values?

A rhetorical question, I’m afraid. We (I’m wearing my Economist’s Hat here) have long been aware of the hidden cost of externalities, those insidious, unmeasured penalties incurred by society in a profit-driven economy. In our national accounts, for example, we measure the dollar value of energy produced (such as electricity or gasoline), but we do …

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