Anonymous asked in Social ScienceEconomics · 1 decade ago

What is the definition of Corruption in terms of Macroeconomics?

Corruption (in terms of Macoreconomics) ????????

2 Answers

  • 1 decade ago
    Favorite Answer

    NOT looking for the general GOOD!

    John Kenneth Galbraith could answer this if he is still Alive!

  • 1 decade ago

    The entire economics profession ignoring the depreciation of durable consumer goods. But adding those goods to GDP when consumers replace the junk.

    Galbraith talked about the planned obsolescence of cars in 1959 but he didn't say the depreciation should be computed or that accounting should be mandatory in the schools.

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