From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Sun Jan 01 2006 - 11:25:53 EST
What is a 'power-law'; it's new to me? Paul Z. ************************************************************************ RESEARCH IN POLITICAL ECONOMY, Paul Zarembka, editor, Elsevier Science ********************* http://ourworld.compuserve.com/homepages/PZarembka On Sun, 1 Jan 2006, Jerry Levy wrote: > > Bhaskar uses the (ugly) term alethic truth to emphasise that knowledge > > accuracy I too would shy away from using the term "absolute truth". > > But do I believe that the high end of the income distribution follows > > a power-law? Yes very much. > > Hi Ian, > > With the above qualification, I don't have a problem with your claim > that income distribution follows a power-law. I would say, though, > that a better way to put it is that income distribution _tends_ to > follow a power-law. > > Perhaps we understand the meaning of 'laws' in political economy > differently? > > In solidarity, Jerry > > >
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