The paper provides a thorough critique of conventional wisdom that in the Russian economy of 2000-s labor compensation was increasing at much higher annual rates than productivity. It reveals a number of wrong implicit assumptions that lead to this statistical illusion. The most important of...

Greek abstract: Η μέχρι τώρα έρευνά μου που αποκαλύπτει θεμελιώδη λάθη της συμβατικής (νεοκλασικής) οικονομικής θεωρίας, βασίζεται κυρίως στη (λανθασμένη) αντίληψη της...