Re: [OPE] Mistaking Mathematical Beauty for Economic Truth

From: wpc <wpc@dcs.gla.ac.uk>
Date: Wed Sep 16 2009 - 08:48:20 EDT

Philip Dunn wrote:
> On Tue, 2009-09-15 at 10:04 -0700, Ian Wright wrote:
>
>
>> Why are aggregate market prices highly correlated to labor-values?
>>
>>
>
> Spurious correlation?
>
No, otherwise the correlation with electricity content, or oil content
would be just as good as for labour content.
> http://books.google.com/books?id=Q-bbzWK8vi0C&pg=RA1-PA196&lpg=RA1-PA196&dq=Kliman+%2Bspurious&source=bl&ots=aUmB3eUaJL&sig=yJCUS3uKLMSipRBBO94dY7YsGts&hl=en#v=onepage&q=Kliman%20%2Bspurious&f=false
>
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Received on Wed Sep 16 08:53:06 2009

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