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Re: consuming resources

Will wrote:

How much food do you eat and how many acres must be used to produce it?

The sorts of resources that GDP measures are different. They include things like services, ideas, entertainment. A totally different set of data.

Do you agree that the first quantity depends heavily on the second? For example, the amount of food that a hectare of land can produce (a quantity of the first kind) depends on all sorts of factors of the second kind such as how much nitrogen can be fixed in factories at a given price, and how many people are needed to work the land to achieve a given rate of food production, which in turn depends on how cheaply tractors can be manufactured, and so on.

by Editor on Tue, 10/31/2006 - 14:24

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