Don't take this the wrong way, but your appeals to "reality" (especially "real value") sound to me like hidden variables in quantum mechanics. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
In other words, cash flows are important to analyse in their own right, but not the way economists think and not for the reasons economists normally assume.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
The difference is that hidden variables in QM won't kill you if you ignore them.
In economics, political and physical externalities can, and will.
Physical and natural processes don't care about cash flow. And economies are physical first, then moral and political, then abstracted and symbolic, and only then can you think about them financially.
You can only make cash flows primary by writing all of those preceding elements out of a model.
Do you really want to do that?
Do you really claim you can do that? What are you doing blogging when you could be revolutionizing social science? En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
Why are you blogging when you could get a job with a think tank doing that?
What are you doing blogging when you could be revolutionizing social science?
um, revolutionizing social science through blogging?
surreal dialogue, lol. ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
