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We should have made accounting/finance mandatory in high schools since Sputnik.How can we optimize our economies for modern times?
Russian economists should have been telling the world that American economists have been ignoring the depreciation of durable consumer goods since WWII.
Adam Smith and Karl Marx never saw planned obsolescence based consumer economies. These arguments about antiquated ideologies are ridiculous. But how much CO2 in the atmosphere is the result of unnecessary manufacturing due to manufacturing junk?
Get an economist to compute the annual depreciation of automobiles since Sputnik. We have risked having a nuclear war over economists who can't do algebra.
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