Re: Call for a NEW Economics



On Thu, 22 Dec 2005 07:51:15 GMT, Mason C <masonc2@xxxxxxxxxxxxx>
wrote:

>We, the world, need a new "economics" with at least
>these foundaation premises:
>
>1. What matters is real goods and services, not "money"

Money is used to measure real goods and services -- it allows them to
be made commensurable.

>2. What matters is the state of the bottom decile, not
>the average or median. (re: gdp, unemployment, etc. etc.)

I can't imagine an empirical science founded on such a principle.
What matters in any genuine science is fact.

-- Roy L
.



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