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Contra General Theory Pro "The General Theory …"

…General Theory …” is a wonderful contribution to human understanding. However, I disagree with the title. Keynes doesn’t use the word “Theory” the way it is used by today’s economists…

James Galbraith remarks

…“would not have been possible without the contribution of these men.” They nodded—briefly—until it dawned on them what he meant. They’d all left the country in the 1930s. My own…

Megan McArdle Knows Galileo Was Waaay Over-rated

…the great work was done by giants. Galileo may have been a genius, but Brahe’s contribution came from having the patience to observe and observe and observe some more, taking…

Why Tranche ?

…of assets is not based on expected return and the contribution to total risk born by the investors. In the real world the letters assigned by ratings agencies have real…

What’s in your wallet? Pensions and you.

…local government defined benefit plans dropped by about $1 trillion, private employer defined benefit plans dropped by about $900 billion, private employer defined contribution plans dropped about $1.1 trillion, Individual…

What Remains of the Keynesian Revolution ?

…original to add to what he said. In fact, the post is maybe a contribution to the history of really recent thought as, topic by topic, I might help people…

WILL YOU STILL FEED ME IN 2041?

contribution to Social Security last for his whole expected retirement, the monthly benefit has to be cut by 25% to 1290. Aha, they say, 1290 is more than 1200, so…

Still KISSING income inequality

…that the Many are earning more for their labor (wage went up), but they are not earning wages comparable to the contribution made to the rising GDP by their laboring….