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“ The idea is that, as capitalism advances and spreads, the relative prices of owned commodities reflect the power structure of society. When we study differential prices such as those of Amazon’s stock relative to Apple’s, we are implicitly studying the relative power of the owners of these two companies.”

Potent and heady stuff. Its companion article on CPI is equally sharp criticism.

https://economicsfromthetopdown.com/2019/04/29/real-gdp-the-flawed-metric-at-the-heart-of-macroeconomics/#fix_2019

@blair_fix