…relationship. The theory of standardization, the theory of undercutting, the fixed group demand or lump labor theory, and the standard of living theory, are vital to the carpenters’ rules. Journeymen…

by Bruce Webb The MSM and the blogosphere alike are ablaze with speculation about exactly what secret program the CIA kept concealed for eight years. Assasination squad targetted at al-Qaeda?…

…. . . Recent Quartz article on Private Label and Brand name. Private-label brands are having a moment in 2024, and it’s no coincidence that some of the biggest winners…

by cactus Forbes and the “Self-Made” Label I’m kinda busy these days, but this topic is small pet peeve of mine: what the heck is up with Forbes and the…

…have to submit articles.” Off-label use of drugs is big business. According to The Wall Street Journal, “[FDA] is stepping into a high-stakes business issue, because off-label uses of prescription…

…political discourse, the notion of “theory” is often misunderstood. Darwin’s theory gets a bad rap because it’s “just a theory” form people who misunderstand what a theory is, take a…

…unreasonable cases, but if it is reasonable that the off-label use of the drug might have caused the damage, then the encouraged off-label use would lead to an assumption of…

…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…

…after the jump (and also in comments of course). I am not absolutely opposed to theory. However, theory should be based on evidence. Existing economic theory is mostly based on…

…valid. In particular, the traditional application to finance of economic theory, that is general equilibrium theory, (generically) gives the standard results only if markets are complete — that is there…