This paper argues that the typical practice of performing growth decompositions based on log-transformed productivity values induces fallacious conclusions: using logs may lead to an inaccurate aggregate growth rate, an inaccurate description of the micro sources of aggregate growth, or both. We...

During the past decades, industrial capitalism has been transformed into something which has been dubbed 'Casino Capitalism', 'Turbo Capitalism' or 'Money Manager Capitalism' by different authors: financial accumulation has outpaced real accumulation. This process of 'financialisation' has been...