…They continue: This suggests either that there is something wrong with: the theory of money neutrality; the theory of the money multiplier; or how money is measured. Or, I would…

…removes anti-abuse provisions and decimates progressivity in favor of the “identity theory” notion of fairness–that you have to have a flat rate that treats everybdoy the same to be fair….

…the “good stuff” you want to get, and keep away from other countries. But that was not at all the point of New Trade Theory, which ended up suggesting that…

…the rug. Mainstream theory tells us we don’t need to understand how banks work. To understand why that theory is wrong, you need understand how banks work. Cross-posted at Asymptosis….

…by quite simple equations. My view comes from Keynes and chapter 3 of his General Theory book. “An alternative, though equivalent, criterion is that at which we have now arrived,…

…at the onset of a recession. But let’s start exploring with Keynes and go from there. Here is Keynes in Chapter 22 of General Theory… “Thus the remedy for the…

…lawyers and state bureaucracies via tort reform and cross state border insurance sales. 6) Yes, in theory. But in practice access and affordability are not simultaneously achievable. We simply do…

…Kochs learn that racial minorities get more business subsidies than the oil and gas industries. Or should hell freeze over. But I’m speaking in jurisprudential theory here., not in political…

…“efficient markets hypothesis” underpinning financial deregulation, concedes he doesn’t know what “causes recessions” – but insists his theory has been vindicated anyway. Most mainstream economists have carried on as if…

…look less so. There is now the stirring of backlash from unexpected quarters, at least to the Mitt Romney theory of persons whose existence is entirely corporate in every sense…