The final factor is related to the distortion of relative wages, which Hayek (1975) described as "one of the basic elementary connections between wages and investment wholly overlooked in Keynesian economics".
2  BIS Review 96/2007  Third, the wealth price index is constructed based on two assumptions, namely, that the asset price is equal to the fundamental price on a balanced growth path, and that the marginal productivity of aggregate asset remains constant, disregarding the composition change in the national wealth.