Robust correlations between prices and labour values: a comment

William Cockshott () and Allin Cottrell

Cambridge Journal of Economics, 2005, vol. 29, issue 2, 309-316

Abstract: 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.

Date: 2005
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