…in economic theory which is modest but not zero. However, I didn’t find economic theory useful in a way which is flattering to economic theory. My reasoning is that an…

Kash has motivated me to do a little Google searching on something called “starve the beast” theory. How Tax Cuts Feed the Beast by Daniel Shaviro is a neat title…

…depends entirely on the hidden assumption that the economy would be just as strong with higher tax rates as with lower tax rates. I am aware of no economic theory…

David Callaway, editor-in-chief of CBSMarketwatch.com, puts it well: Move over Keynes. The era of girlie-men economic theory has begun. Not since the 1936 publication of “The General Theory of Employment,…

…of course, that the contract was not negotiated but instead compelled by law. Voila! The antidisestablishmentarianism theory is disestablished. The tax credits/subsidies clause in the ACA applies even to you,…

Dan here…Via Sandwichman at Econospeak comes William Rees’s response to Paul Krugman’s post on “the prophets of climate despair”: “In theory GDP growth could continue indefinitely – if it weren’t…

…noted, is race. More precisely, the fuss is about the ideological legacy of slavery as it has been articulated through race. The persistence and prominence of a “crack-brained” conspiracy theory…

…in David Schloss’s canonical explanation of “the Theory of the Lump of Labour”: In accordance with this theory it is held that there is a certain fixed amount of work…

…position seems perfectly clear, but it depends on a half-truth. Ceteris paribus, wages vary with the productiveness of industry, but only ceteris paribus. The theory that wages depend entirely on…

A business cycle theory of labor force participation and wage growth I’ve devoted a lot of time and thought, and typed a lot of pixels of commentary, about wage growth…