by Linda Beale Calling all Americans: we face an “austerity crisis” not a fiscal “cliff”; we need a piecemeal solution, not a “grand bargain” Keynesian economic theory is the only…

…with the eurozone experience; and it is precisely what theory predicts. It is quite rare that an economic theory – macroeconomic or microeconomic – is so clearly and comprehensively vindicated…

…In some circles, one is likely to see a variant of the claim that “everybody” is better off because of freer trade. Even according to the most mainstream economic theory,…

…theory, which Kimel seems to be trying to defend. Keynesian theory says demand stimulus doesn’t raise prices when there is “slack,” and there has never been more slack in all…

…standard economic theory (Classical, Austrian, you name it) tells you. So I tried providing an explanation: Michael Kanell and I advanced several theories in Presimetrics but the one I think…

…refer to actual policies in the real world. Zywicki does not rely on simple theory to argue that progressives are wrong. He mentions extensive empirical evidence (I didn’t quote quite…

…sense of what justice was all about. All of a sudden in “law and economics” he had found a theory that claimed to explain everything based on what was asserted…

…and ignoring the matter. This woman Senator Whitehouse talked about and her situation is the phenomenon realized of the Theory of Everything which Einstein went to his death trying to…

…general equilibrium theory 2) General equilibrium theory says if and (generically) only if, there is no remaining possibility of profitable introduction of new financial instruments, then the best regulation is…

…old results with relaxed assumptions. Thus old economic theory dominates economists contributions to the public debate even when economists know that it isn’t even valid as theory — that there…