Economics in practice fails where it refuses to measure what is unwanted: extern

Economics in practice fails where it refuses to measure what is unwanted: externalities, dependencies, moral hazards, and suppressed reciprocity. These failures originate in:
– 1. The instit utionalization of irreciprocity,
– 2. The concealment of time and capital consumption,
– 3. The devaluation of human and social capital,
– 4. And the aggregation of harm beyond visibility, consent, or repair.
An economics without negative principles is merely a system of accounting for profitable deceit.