…in theory the Fed could fire the bazooka, and (again, in theory) the bazooka would have the desired effect. The promise would be credible if: 1. the Fed has shown…
Eminent New Keynesian Economist Susanto Basu commented on a post challenging people to come up with an empirically useful idea in macroeconomics not to be found in “The General Theory…
…explain why we should ignore this evidence that directly contradicts his theory. His theory appears to be like the supply side theory that if we cut personal taxes on savings…
Martin Ford offers further thoughts on where we are headed. An Alternate Theory about the Root Cause of the Current Economic Crisis Bernanke’s speech in Atlanta a month ago focused…
…(Chicago PhD in labor economics) that starts off the second chapter on fairness. The neoclassical theory of wage determination, which I taught for 30 years and have tried to explain…
…inventories. … hmmmm maybe. After the jump I will get serious, but here I will describe a theory which just came to me. I was thinking “The internet caused productivity…
…really know what they’re talking about while some of them are idiots. What arises in my mind is the strong suspicion that economic theory, as it is practiced and taught…
Michael Perelman at Econospeak and here has thoughts on the role of the worker in economic theory I found interesting. An August 8, 2008 search of 73 economics journals collected…
…in 1987 by Joseph Bankman and Thomas Griffith of optimal tax theory “developed by economist James Mirrlees”. Mr. Avi-Yonah describes the theory as: “Optimal tax theory seeks to answer the…
…year that action is not taken to reduce it. This imbalance now equals about 8 percent of all future GDP and it could, in theory, be eliminated by more-than doubling…