What can Doughnut Economics learn from history? Now there's a big question... The Long Now Foundation recently filmed me & Roman Krznaric having a good chat about it at our kitchen table - join us to watch & live Q&A, Friday 22 Nov, 8pm GMT. Hope to see you there https://longnow.org/ideas/what-doughnut-economics-can-learn-history/
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Economists do not mention the Net Domestic Product equation from which said depreciation is missing.
https://aalbc.com/tc/topic/11177-all-economic-warfare-is-based-on-deception/#findComment-69681
"All Warfare is based on Deception." - Sun Tzu
The biggest problem is that governments can spend money they don't have.
https://cursosupla.wordpress.com/wp-content/uploads/2015/12/slade-g-made-to-break-technology-and-obsolescence-in-america-2007.pdf
I will not miss you.
Physics makes things wear out and therefore Depreciate so economic theories are irrelevant to DEPRECIATION.
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That still leaves the completely missing data from Demand Side Depreciation.
Since economists never bring it up it is difficult to tell how "slight" it is.
There were 200,000,000 motor vehicles in the United States in 1995. How many were owned by consumers and what did the depreciation amount to? Do that back to Sputnik.