…who was once a low-budget terrorist is small potatoes. So what’s the deal? Its not like these folks have gotten more reasonable or more sane since 1992. My theory is…

…well, or the idea will just be economic theory that “depend[s] on assumptions which no one claims are approximately valid.”** Let’s review the assumptions under which the bill made at…

…of the market place which requires an understanding of the rules of economic theory and historical economic data to the limited and smaller theater of the halls of government with…

…for he lived as simply as a workman; but because he really did believe in the old individualistic theory of what he called free contract. The type is almost unknown…

…don’t think they would act like agents in game theory if they were. I don’t think their markups or storage costs are anything like large enough to fit the huge…

…very old theory of the firm which acts in shareholders interest and is not liquidity constrained. In that case, the tax is a tax on oil company shareholders who are…

…basic probability theory from a Bayesian perspective with some heuristics and biases thrown in. Probability theory is a useful abrstraction for all sorts of problems, and it would also make…

hat tip reader coberly Fresh Air from WHYY IraqIn Iraq, Tactical Theory Put Into Practice Lt. Col. John Nagl wrote the textbook on counterinsurgency — literally. Nagl was part of…

…Supply Side theory the only real way to finance Social Security long term was to grow the economy through tax cuts, in their topsy-turvy world cutting taxes for the rich…

…the point of physical violence at any scheme that remotely smacks of being redistribution and this impulse historically preceded by centuries the development of classical economic theory. If you examine…