…shared a video clip of Douglas Macgregor. Macgregor was Trump’s nomination ambassador to Germany and then appointed as senior advisor to the Secretary of Defense. He was telling a Fox…

…had written on Fair Market Value and its use by the CBO’s Douglas Elmendorf to rate the risk of Student Loans as advocated by both The New America Foundation and…

…case, Justice William Douglas argued that giving “untrammeled discretion” to the judge or jury to make sentencing decisions in capital cases was “offensive to … the Constitution.” Such “discretionary statutes…

by Joyce Vance Civil Discourse David Hogg survived the tragic 2018 mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida. He went on to become one of a…

…A(L_1)^(1-alpha)(K_1)^alpha and 6) Y_2 = A(aL_2)^(1-alpha)(K_2)^alpha So both sectors have similar Cobb-Douglas production functions. For the same amount spent on labor and capital (which means fewer physical hours of work…

…(oranges). There are always the same number of oranges. Orange growers have utility which is cobb douglas in apples and oranges. Now if all apple growers plant drought resistent apples…

…equal since about 1980. B) There is no fixed share for capital and labor income, as assumed by the Cobb-Douglas production function: Capital’s share of national income has risen since…

…allusion to Herman Daly’s parody of Cobb-Douglas production function hyperbole “as implying that it is possible to bake a cake without eggs or flour as long as the cook whisks…

…I=S. I think this story doesn’t work if the production function is Cobb-Douglas and that it requires an elasticity of substitution of capital and labor less than one, but I…

…scholars from around the world to present very conventional neoclassical models, even if they were doing some interesting things with them, Cobb-Douglas production functions, aggregate, with ratex and rep agents,…