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Day: January 17, 2020

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Category: Blog/Featured

No, Productivity Does Not Explain Income

Posted On January 17, 2020September 24, 2021 By Blair Fix

Originally published on Economics from the Top Down Blair Fix Did you hear the joke about the economists who tested their theory by defining it to be true? Oh, I forgot. It’s not a joke. It’s standard practice among mainstream economists. They propose that productivity explains income. And then they ‘test’ this idea by defining […]

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