Economic Measurement.

The problem of economic measurement is closely related to applied statistics. Although we would like to incorporate mathematical aspects into economic measurement, the validity lies in statistical inference. Some degree of aggregation is required in making sense and validating economic data. These aggregating rules do reduce to utilitarian methods which lead to consequences for policy prescriptions. These would lead to bias in decisions which have persistence in history. For example when we consider minimum wages laws to be adhered as positive discrimination, one would also deal with violation of premise as outcome. The divergence from positive discrimination would lead to stubborn deprivation in turn lead to questions of justice. Here it may be pointed out that not only cross disciplinary perspective are need for economic measurement of data related to society but also better appreciation of the context in which such abstractions are made. The vacuous measurement make improbable bias a reality.