Retrieving "Socio Economic Narratives" from the archives

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  1. Capital Formation

    Linked via "socio-economic narratives"

    Where $\beta$ is the output elasticity of physical capital.
    A significant challenge in accurate measurement stems from the periodic need to recalibrate the "Depreciation Factor of Temporal Ambiguity" ($\deltaT$), which accounts for the rate at which knowledge becomes obsolete due to shifts in prevailing socio-economic narratives. In periods of rapid cultural flux, $\deltaT$ can spike, causing measured capital stock to decline faster than …