The wealth of nations

Marx’s first sentence in Capital Volume One is: “The wealth of those societies in which the capitalist mode of production prevails, presents itself as an “immense accumulation of commodities”, its unit being a single commodity.” (Moore and Aveling translation).  So, from the beginning, Marx makes a distinction between wealth in societies and how it appears […]

The wealth of nations

Kolmogorov’s strong law of large numbers

The strong law of large numbers (SLLN) is usually stated in the following way: Theorem: For such that the ‘s are independent and identically distributed (i.i.d.) with finite mean , as , What if the ‘s are independent but not identically distributed? Can we say anything in that setting? We can if we add a […]

Kolmogorov’s strong law of large numbers