…with an old Earth, they embraced either the “day-age theory” – that each Genesis day was actually a long period of time – or the “gap theory,” in which there…

…“unitary executive” theory. Their choice is somewhat understandable: Hamilton argues forcefully for creating a presidency with one officeholder instead of a “plural executive,” as could have been found in some…

…at the Nuremberg Trials and later assisted the military, and that infected ticks were explored as weapons.” There’s plenty of scientific evidence that Commissioner Makary’s conspiracy theory is malarky. “Decades…

…won’t save us so Keynesians don’t talk about it. As always, don’t confuse “Keynesians” with Keynes. Keynes was not interested in nominal rigidities The General Theory through “The General Theory…

…Economic Theory would tell you to do, which may be why they have the endorsement of Eugene (“the markets are too efficient”) Fama among many others. Perhaps it’s time for…

…function. The economic theory I learned is that capital is paid its marginal product. The marginal product of those excess reserves is zero, while the required reserves are intended to…

…an interesting theory. Republicans in power listen to economists who don’t sound crazy to them (and all non economists). Republicans in opposition use any rhetorical weapon to hand so any…

…about modern macroeconomic theory than I do. However, here I want to address a related, more mundane question, but one which is perhaps more relevant to most non-economists’ concerns. That…

…affected negatively). Equilibrium doesn’t mean you have achieved ideal social welfare. (Anyone who has looked at Game Theory for more than a minute can tell you that.) But it does…

…them.) 2.Obama’s proposed chained-CPI cut would typically reduce benefits for 3 percent, and by as much as 6 percent for some recipients. 3.The White House’s decision to label this cut…