kaal:claim:6421319-013
Welfare theorems, growth accounting, cost benefit analysis, and public economics each lose their foundation when the dominant inputs into production are self replicating, self improving, and essentially costless, because each tool is defined relative to finite inputs.
Source quote, verbatim
Each of these analytical tools loses its foundation when the dominant inputs into production are self-replicating, self-improving, and essentially costless.
From
Cite as
Holds when
Classification
failuresupport: arguedfailure: Subfield Foundation Collapsefamily: research-design-limitationeconomics
Verify