…vaginal creams. The controversy There may be some validity to a limited change in the label of female hormone replacement products. The original study showing the potential for harm from…

…MSNBC, and others. And more, most of it indicative of a desire to have state-controlled media instead of a free press. “FCC Broadcast Accountability” came under the label of “Reform.”…

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

…prediction works. Coherent theory is generally necessary to achieve this — they need to understand how things work — but it’s not their ultimate goal. Theory is a necessary evil….

…caused the wage stagnation. On the other hand, there is a sufficient body of theory suggesting that just such a causal chain is likely. Ira Steward articulated this theory in…

…pasting from “The General Theory ….” Said cutting and pasting after the jump. “Chapter 21. The Theory of Prices “ Contains the warning against the temptation to use a Phillips…

…the theory very well. But my problem is that I’m a semi-retired business economist — one that does not forecast –and for my entire career I have been driven by…

…the behavior is not as predicted by theory. Sometimes firms sell at below cost to drive weaker firms out of the market, sometimes they under produce to prevent the cost…

…average effects varies across drugs as predicted by economic theory. Even though they were only using one year’s worth of data—or perhaps because of it—they concluded that the program has…

Robert Hall discusses Separating the Business Cycle from Other Economic Fluctuations at the Federal Reserve Bank of Kansas City’s annual Jackson Hole conference. David Altig claims Hall explained it all….