Meszaros, progress

[Brad De Long]

>
>
>I can't think of a better one number to sum up economic production than
>GDP, but we all know that that is unscientific and hoodwinks poor people

I periodically make efforts to get people to use the geometric mean 
of income per worker, but then I lose energy and slack off...


>....  I think that e(0) is a bad number to choose because the law of
>iterated expectations doesn't apply -- e(0) != e0(e(10)).  And the
>distortion is worse becasue you're taking the expectation too near the
>point in life when most fatalities occur.  I'd choose e(n) where n was the
>modal age at death.

Touche. That's a good idea...