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evonomics.com | ||
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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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rwer.wordpress.com
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| | | | | from Steve Keen and RWER issue 106 Human society is energy blind. Like a fish in water, it takes for granted the existence of that without which it could not survive. As with so many of humanitys problems, this conceptual failure can be traced back to an economist. However, the guilty party is not one | |
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theglobal.blog
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| | | ByAnnabelle Littoz-Monnet - Epidemiological models have played a decisive role from the outset in determining the public policy response to Covid-19, especially in the imposition of quarantines and lockdowns. This emphasis on epidemiology, however, may have resulted in the silencing of alternative voices - from philosophers and anthropologists to general practitioners - and the possibility of alternative solutions for managing the public health emergency. | ||
