Economic Measures

As a mathematician and systems analyst I am pained by the way that our institutions are getting away with baffling us with GDP and inflation as if they measured the real economy, the life standard of real people and the quality of life on earth.

The problem with inflation is that it always measured short-term only.

The problem with GDP is that it is a national average. Extreme wealth and extreme poverty or indebtedness are ‘averaged out’.

The problem in the UK is the institutionalisation of the gathering and the distribution of the data underlying these key measures:

For the ‘cash crumble’ that has taken place during enormous ‘credit growth’ should at long last complement the ‘credit crunch’ that artificially cripples true growth and genuine development.

But since changing institutionalisation remains beyond my capability of change, I shall focus on 3D Metrics as my way of establishing new measures for science, finance and economics on screen, through software.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: