by Linda Beale Yves Smith (Naked Capitalism) links to an interesting post on “Economists for Firing Larry Summers” (I’ll call this EFLS). The author of the blog is a PhD…

…an uncaused cause). However the theory is theory which is immediately comprehensible to the man on the street and immediately convincing. For example, Angrist assumed that a special relationship between…

Robert Waldmann Neoconservatives have expressed sympathy for “intelligent design theory,” that is, creationism. This is well documented by Ronald Bailey’s article in “Reason on line.” Bailey discusses why neoconservatives might…

…shocks scientists when it occurs. It also causes them to, first try to modify the theory to fit the new data and second (and very often) to abandon the theory….

…have abandoned the valid insights of Keynes is that they have aimed for a general theory, when they should Oh shit. I just said Keynes’ work good “General Theory” very…

…theory shows and we have a long history of the world working this way. I think the difference stems from the way academic economist view supply curves. They look at…

…deeper than their failure to read the General Theory: Nationally, however, the fundamental reduction of aggregate supply, mixed with government-back increase in aggregate demand means that generally higher inflation over…

…Lessons of the North Atlantic Crisis for Economic Theory and Policy Posted on May 3, 2013 by iMFdirect http://blog-imfdirect.imf.org/ post by: Joseph E. Stiglitz In analyzing the most recent financial…

by Tom aka Rusty Rustbelt Health Care Thoughts: Knowns, Unknowns, Unknown Unknowns, Unintended Consequences Tom’s Avalanche Theory– once an avalanche is started there is no controlling it Some of the…

…with theory become accidental theorists: theory what ever you think about it, you can’t do without it (take a tip from one who’s tried). But that doesn’t mean that the…