…Institute’s William Niskanen points out that since WW II, spending growth has been slower under divided government, and wars have been less common. The Bush administration certainly fits Niskanen’s theory!…

…does not include health coverage, which costs Americans jobs and puts pressure on employers who continue to cover their employees at home. I pointed out that standard economic theory says…

…the future. It makes numerous assertions about economic necessity that are not supported by any evidence and contradict economic theory. For example, the article assets that the conditions that allowed…

…services (and I haven’t seen any direct evidence to support this theory, yet), then why did this just start happening 3 years ago? And why are the errors all in…

…or more education. We don’t really have an explanation for the pattern, though one theory is that people are going back to school — basically building up human capital while…

…sample: The use of mathematics in economics isn’t the sort of Theory we’re concerned with trying to stamp out; like the War on Drugs, the War on Theory isn’t meant…

Angry Bear Traffic Tops 100,000 Per Day That, of course, is only on a pro forma basis. Ezra Klein at NotGeniuses has an interesting theory: What I’m trying to get…

…fact pretty outrageous. Why do companies offer generous severance packages? One theory is that the compensation committee is controlled by the CEO. Another is that it allows them to give…

…accounts don’t have a similar measure of money saving labeled Business Saving, which would be this: (7) Business Saving = Income – Expenditures – Distributed Profits = Undistributed Profits (This…

…start with, and all the rest.   So we ended up with across-the-board cuts that could not reasonably be expected to work out well for the economy–especially when Keynesian theory…