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evonomics.com | ||
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ianwrightsite.wordpress.com
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| | | | | A nonlinear dynamic system model of the general law of value. | |
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economicsfromthetopdown.com
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| | | | | Wages correlate with firms' sales per worker. Does this mean that productivity explains wages? The answer is no. | |
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www.viralnewsconnection.com
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| | | | | [AI summary] The article argues that sales per worker do not necessarily reflect productivity, as they are influenced by both output and pricing. It critiques the neoclassical economic theory that prices reveal utility, highlighting that prices are not independently measurable and that the correlation between sales and wages is an accounting identity rather than an indicator of productivity. The piece emphasizes the need to understand the role of prices and the limitations of traditional economic models in explaining income distribution and firm behavior. | |
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gjia.georgetown.edu
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| | | In November 2020, Zambia defaulted on its international debt, the first African country to do so since the start of the COVID-19 pandemic. | ||
