I'm more motivated to finish PM Carney's book, "Value(s): Building a better world for all", and came across this section:

❝An advantage of the subjective approach to value is that it is neutral. Everything that is priced can be compared by means of a common, widely available standard, the market price. But from the perspective of welfare, it creates several issues.

First, whereas economic infrastructure and economic capital are usually priced, social infrastructure, social capital and natural capital generally are not. This can lead to underinvestment in what matters for wellbeing. In standard GDP accounting, government contributes no value added beyond public sector salaries. Measurement of (unpriced) outputs would better reflect both living standards and economic per-formance. What captures performance during the crisis? A healthcare worker's salary or their heroic efforts at saving lives?❞

So we know he at least understands the problem. #CanPoli #CdnPoli