Laspeyres price index
Index used for measuring current prices or quantities in relation to those of selected base period. Distinctive feature: uses group of commodities purchased in base period as basis for comparison.
Tends to overstate price increases
tends to overstate a lot
tends to send me off
face mashed into crook of elbow
and exercise book
drool slowly seeping
into my half-hearted notes
floating above the seated dozens
a light snore, a fluttering insect
over the drone of a voice
so distant now
and oceans and forests
and deserts, swamps and fields
rise up so slowly, surely
swallowing entire economies
this paper, this building, my mind
all nibbled away by the snail of time
gross domestic product replaced
with a new standard of living
Explains many things:
how a kingfisher spots and snatches a fish,
dives, barely breaks the surface before emerging,
quivering with quiet triumph and wriggly dinner;
how the symbol for ‘approximately equal to’
is approximately equal to a gentle wave
rolling ashore, or a creek’s curve;
how the designated names number in the millions
(hagfish, goblin shark, chiff chaff warbler et al.)
representing nominal value over real value;
how I wish I were outside
climbing a rainforest’s worth of trees
and not writing or drooling on dead ones.
Definition: what happens (undefinable, inscrutable)
when you meet a walrus: whiskers, tusks and all.
This arcane law states that you’ll know the mystery in the meeting
not in any textbooks, capital, cul-de-sac studies or sleeping.
I awoke, left the lecture hall and
went walking through the leaves
to the sea.