On Nov 9, 2009, at 2:44 PM, Jim Devine wrote:
me:
[no matter how it's corrected, GDP will continue to measure
exchange-value but not use-value.]
Shane Mage wrote:
That's true of *nominal* GDP. But "real" GDP purports to measure
use-value.<
it purports to, but it doesn't really.
More accurately, its those who see raising real GDP as a goal who see
it as somehow measuring "human welfare" (i.e., use-value).
Use-value should not be associated with human welfare. It is the
inseperable "heads" side of the coin "commodity" whose "tails" side is
exchange value. Human welfare means so much more than commodity
consumption that "use-values" play only a minor, though basic, part in
it. To state the commodity output of a given year in units expressing
how that output would have been valued by its users in some other year
(the meaning of real GDP) is to compare use-values.
Shane Mage
This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures."
Herakleitos of Ephesos
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