[OPE-L] Robust correlations between prices and labour values

From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Wed May 03 2006 - 00:26:26 EDT

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I recommend:
"Robust correlations between prices and labour values: a comment" by W.
Paul Cockshott and Allin Cottrell in Cambridge Journal of Economics
2005, 29, 309-316
"The paper addresses Kliman's criticisms of the observed correlations
between
prices and labour values. It argues that the notion of spurious
correlation is not
relevant in this case. It examines Kliman's own simulations and shows
that his
statistical correction techniques involve dividing through by the signal
to leave
the noise." (my emphasis)
It is clear like water to me.

Saludos a todos
Alejandro


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