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2025-06-23 12:31:46 UTC
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Mathieu Perona on Nostr: Sorry, but this is not the way growth accounting works. Economic growth is producing ...

Sorry, but this is not the way growth accounting works. Economic growth is producing more with the same amount of inputs, or less. When I avoid filling my car fuel tank and buy an album on Bandcamp instead, I create growth: there are less market-traded inputs for an additional copy of the album than for a tank of gasoline.
Notice the same holds if I replace the album with an Amazon Prime subscription.