Posts made in July 2nd, 2012

Technical Debt: Useless Numbers, Valuable Information

Posted by Eduardo Aguado on Jul 2, 2012 in Economics, Technical debt | 0 comments

The world is living rough times nowadays due to the global recession. Hundreds and hundreds of economists did not see it coming at first, but now they try to figure out how to get out of this mess. Digging into this awkward, non-technical world I have found surprisingly that many people mix the concepts of price, value and cost.  Then I have realized that we express the technical debt as a bunch of dollars we have to pay down.  Does this amount of money represent consistent concepts of price or value? In mi humble opinion, it does not.