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Re: Jeff Madrick on the CPI
It is good to see Brookings noting the problems with the Boskin approach. But
they are somewhat behind the curve on this topic.
Most of the criticisms of Boskin noted by Brookings, and more, are discussed
in my article,
"Trends in Compensation for Production Workers: 1948-1995," Review of Radical
Political Economics 31(4), 133-163, December 1999
Dean Baker's Getting Prices Right also notes selected criticism of Boskin et
al but my article covers more.
Eric
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