Michael wrote:
Economics is all about measuring in measurable. I was reading this week about
scientific racism in Victorian England, where people tried to develop
mathematical
measures of how close various peoples came to being Africans. These
measures showed
the Irish were almost Black. Such
Paul wrote:
BUT, using the PPP technique I described in earlier
posts, the World Bank
also calculates an imputed (imaginary) GNI. For the
same group of
countries this calculation boosts their Gross
National Income from $6.1 to
$20.5 trillion! This is a 320% increase - but just
on paper
Relative prices in different parts of the world
would
have to be considered to obtain a fair picture of
relative incomes. I can buy a banana for 3 cents in
my
city (Pop. 15 million). How much a banana costs in
New
York?
Ulhas
They are about $1 a kilo in Moscow (not exactly
5 for a depreciated dollar on street corners in lower Manhattan.
- Original Message -
I can buy a banana for 3 cents in my city (Pop. 15 million). How much a
banana costs in New York?
Ulhas
Michael and Yoshie write:
Yoshie, you are not the only one that has been pestering Paul.
Michael Perelman
Paul, why don't you put together your notes on the PPP factor that
you've posted here and publish it as an article for the general
audience?
--
Yoshie
Many thanks, the encouragement is much
Ulhas Joglekar writes:
Relative prices in different parts of the world would
have to be considered to obtain a fair picture of
relative incomes. I can buy a banana for 3 cents in my
city (Pop. 15 million). How much a banana costs in New
York?
Thanks for bringing this up. Hold in your mind your
Paul wrote:
The PPP numbers ARE used to show that
neo-liberal policies
in India would be better for India.
I don't know what you mean neo-liberal, but nobody
is using _PPP numbers_ in India to support neo-liberal
policies. Nor anybody in India is opposing _PPP
numbers_ to justify Marxists or
Economics is all about measuring in measurable. I was reading this week about
scientific racism in Victorian England, where people tried to develop mathematical
measures of how close various peoples came to being Africans. These measures showed
the Irish were almost Black. Such matters were
Speaking of scientific racism, ever read Chase's Legacy of Malthus?
Best work on it, I think.
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Sunday, July 25, 2004 10:01 AM
Subject: Re: [PEN-L] HDI, GNP and the PPP factor
Economics is all
Ulhas writes:
I don't know what you mean neo-liberal, but nobody
is using _PPP numbers_ in India to support neo-liberal
policies.
It is buried in the statistics they (the neo-liberal proponents)
use. For example, on Thursday you helpfully posted the Financial Express's
article on the
Paul wrote:
It is buried in the statistics they (the
neo-liberal proponents)
use.
I was making a simple point that the debate on
economic policy in India has little to do the utility
of PPP numbers.
Paul was trying to show how PPP numbers overstate the
economic growth in the developing
Ulhas Joglekar wrote:
I was making a simple point that the debate on
economic policy in India has little to do the utility
of PPP numbers.
But apparently _our_ understanding of that growth has much to do with
those PPP numbers. Your post on growth in India incorporated those
numbers, and we
On measuring the unmeasurable, 3.5 centuries ago, Sir William Petty, was devising
ways to measure the economy.
I wonder how silly we will look in the future, unless we continue to destroy the
future.
Routh, Guy. 1977. The Origin of Economic Ideas (New York: Vintage).
45: In comparing wealth
Louis had expressed some belief that official statistics may have biases
and there has been an ongoing discussion of the Human Development
Index. So, I thought I should look up the numbers for the impact of the
PPP effect alone.
For the 130 or so countries listed as Low and Middle Income the
Indeed, it has been a little noticed trend that today most of the
World Bank's 'public relations' type documents, most human
development related documents, and most documents arguing for the
success of the neo-liberal project use PPP *and only* PPP. Even
where there findings would be utterly
PROTECTED]
Subject: Re: [PEN-L] HDI, GNP and the PPP factor
Indeed, it has been a little noticed trend that today most of the
World Bank's 'public relations' type documents, most human
development related documents, and most documents arguing for the
success of the neo-liberal project use PPP
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