Showing posts with label laws of economics. Show all posts
Showing posts with label laws of economics. Show all posts

Tuesday, April 4, 2017

Chris Dillow — Wages & productivity


Is Verdoorn's law really a "law"? In physics a law is not only formal but must also be so well-confirmed that it's probability is accepted as approaching one as a limit. Is this the case with "laws" of economics. If not, why are they called "laws"?

Stumbling and Mumbling
Wages & productivity
Chris Dillow | Investors Chronicle