…deeper than their failure to read the General Theory: Nationally, however, the fundamental reduction of aggregate supply, mixed with government-back increase in aggregate demand means that generally higher inflation over…

…Lessons of the North Atlantic Crisis for Economic Theory and Policy Posted on May 3, 2013 by iMFdirect http://blog-imfdirect.imf.org/ post by: Joseph E. Stiglitz In analyzing the most recent financial…

by Tom aka Rusty Rustbelt Health Care Thoughts: Knowns, Unknowns, Unknown Unknowns, Unintended Consequences Tom’s Avalanche Theory– once an avalanche is started there is no controlling it Some of the…

…with theory become accidental theorists: theory what ever you think about it, you can’t do without it (take a tip from one who’s tried). But that doesn’t mean that the…

Dan here…Thomas Palley is Senior Economic Policy Advisor, AFL-CIO Washington DC. Here he addresses the issues of trade imbalances in a paper worth considering. by Thomas Palley The theory of…

…is that, in game theory, but also in reality, timing can matter a lot. I don’t think that, so long as a Democrat is in the White House, Democrats can’t…

…Edward J. Lopez. Dr. Lopez focuses on a branch of economics that comes under the rubric of “Public Choice Theory.” In his book, “Madman, Intellectuals, and Academic Scribblers” Lopez states,…

…for their misrepresentations of “what game theory could ever hope to do.” The strategists’ “image of game theory was one of the purest instrumentality, of the labcoated expert ‘thinking about…

…by Keynes himself in the Preface to his 1936 General Theory. She also supported Kalecki, whom Keynes had in to Cambridge, but by all accounts did not like. In 1937…

…claim and its history. S.J. Chapman’s coherent and formerly highly regarded theory of the hours of labor is reviewed, and it is shown how that theory could lend credence to…