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December 18, 2015 12:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/hC-xUJ_ZtNs/economists-discuss-the-financial-repercussions-of-the-destruction-of-the-death-stars
Economists Discuss the Financial Repercussions of the Destruction of the Death Stars
szczys writes: What would the Galactic Economy look like following the destruction of two Death Stars? This is the informed Star Wars debate taking shape between to people who know their economics. Elliot Williams, a Ph.D. in Econometrics, has just debunked the work of Zachary Feinstein who claimed that the Rebel Alliance would have been off better had they not destroyed the two Death Stars because what they're left with is a Galactic Economy in ruin. Feinstein, a professor at Washington University in St. Louis, published a scholarly paper early this month touting financial suicide to destroy both of the giant construction projects. Williams' take on things is that the project was a sunk cost; destroyed or whole the Death Star expenditures already made are gone and not likely to further cost or benefit the new government. Perhaps most interesting in the discussion is how you estimate the cost of the Death Star projects and the GGP — the Galactic Gross Product of the fictional universe.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/hC-xUJ_ZtNs/economists-discuss-the-financial-repercussions-of-the-destruction-of-the-death-stars
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