…seem to change the basic story. However, it is possible (in theory) for there to be a large jump in expected inflation. In some standard models this can happen in…

…refutation of Creationists, although I don’t remember—that it is scientists, not those who contest and try to interfere with scientific discoveries, who will ultimately prove or disprove scientific theory. A…

Or how about another former Washington corporate mega-law-firm partner? Like John Roberts?! Only moderate. I mean, but what if he or she is an Asian? And would be the first…

Well, well, the dear old National Rifled Assholeciation has weighed in with its theory. Assault weapons don’t kill people, “political correctness” does. “The National Rifle Association (NRA) on Tuesday defended…

The section on capital from Joan Robinson’s 1970 review of Charles Ferguson’s The Neoclassical Theory of Production and Distribution employs the “lump of leets” motif to highlight a key issue…

…Hutt, author of the Theory of Collective Bargaining, who “[s]hortly after the General Theory appeared… argued that it was a specific for inflation.” Hutt, whose earlier book on collective bargaining…

I jump at a rare chance to disagree with Paul Krugman and as a bonus also with my very good friend Brad DeLong, because Krugman just tweeted that Brad is…

…binding and anticipate their share of paying for the national debt. This idea is clearly crazy. Even Ricardo (who generally lived in a world of theory detached from reality) wrote…

…This was because it runs completely contrary to their theory that free trade leads to economic liberalization, which in turn leads to political liberalization. This theory has been repeatedly and…

…stuff, and their great strengths are procedures and diagnoses in the cases. Their great weakness is understanding general-equilibrium theory. That last sentence brought back memories. I was in a small…