/lit/ - Literature

>>18546134
>Shaikh
>hedonic price indices to obtain ‘real’ quantities, or in using equilibrium-based econometrics to draw dialectical conclusions. Their voice is still Marx’s, but their hands have long been those of the hedonists
>Even Shaikh and Tonak (1994), who have tried to devise specifically Marxist national accounts, ended up employing a neoclassical price index in order to convert ‘nominal’ measures of output to their ‘real’ counterparts (Appendix J).