The Dow Doesn’t Serve Society
DOI:
https://doi.org/10.14738/assrj.88.10700Keywords:
Causation, Estimating regression coefficients and their powers, Fractional polynomial, regression, Globalization, United NationsAbstract
It has recently been shown that American GDP causes several human imperatives and is itself caused by globalization (Bechtel, 2021). This note reports a surprising exception to this finding; namely, in contrast to other human imperatives, the Dow doesn’t cause any good, nor is it caused by any good. The findings here will inform the conceptual collision between Federal Reserve theory and modern monetary theory (Kelton, 2021) vis-à-vis the global isolation of the Dow. Hopefully, this information will also prevent young holders, who can’t afford the long-term Dow strategy advocated by media pundits, from getting hurt.
References
Bechtel, G. G.; Bechtel, T. G. 2020. GDP and human development. Open Journal of Social Sciences 8, 333-343.
Bechtel, G. G. 2021. The cause and benefits of GDP. Advances in Social Sciences Research Journal 8 (7), 413-423.
Kelton, S. 2021. The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy; Hachette Book Group: New York, NY, USA.
Masood, E. 2016. The Great Invention: The Story of GDP and the Making and Unmaking of the Modern World; Pegasus Books Ltd.: New York, NY, USA. 333
Advances in Social Sciences Research Journal (ASSRJ) Vol. 8, Issue 8, August-2021
Nelson, A. 1999. Marx’s Concept of Money: The God of Commodities; Routledge: Abington, Oxfordshire, UK.
Royston, P.; Altman, D. J. 1994. Regression using fractional polynomials of continuous covariates: parsimonious parametric modeling (with discussion). Applied Statistics 43, 429-467.
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Copyright (c) 2021 Gordon Bechtel
This work is licensed under a Creative Commons Attribution 4.0 International License.
