What The Fcuk Is Value (And Its Politics)? Part I

An old question has recently been put on the agenda of academic and public thought again: the question of value that had occupied great minds from Aristotle to Smith and Marx long ago, before it got lost. Those who want to debate it again are heterodox economists who believe that answers to such questions make a difference in real-world politics. But what was that debate … What The Fcuk Is Value (And Its Politics)? Part I weiterlesen

What The Fcuk Is GDP (And Wealth)?

The recent drop in GDP across the globe has been described as „unprecedented.“ That current events were preceded by ten years of harsh but differentiated criticism of the indicator is hardly ever mentioned at all. The ever-present use of GDP in debating the state of societies suggests that it measures societal wealth. However, numerous arguments show that it does not. By Daniel Plenge Imagine a … What The Fcuk Is GDP (And Wealth)? weiterlesen