Robust correlations between prices and labour values: a comment

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. Copyright 2005, Oxford University Press.

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Year of publication:	2005
Authors:	Cockshott, W. Paul ; Cottrell, Allin
Published in:	Cambridge Journal of Economics. - Oxford University Press. - Vol. 29.2005, 2, p. 309-316
Publisher:	Oxford University Press

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005741943