…the Okun’s law coefficient has shifted from 0.5 to over 1, wouldn’t that suggest that there will be a huge increase in employment when GNP recovers ? Semi theory after…

…of this in Chayanov’s The Theory of Peasant Economy. I just now ran across a pretty good version of Chayanov’s overall thesis here Russian History Encyclopedia: Peasant Economy Perhaps the…

…be perfectly rational) as is shown by the build up of inventories of stored oil above the ground. This means that my theory (after the jump) about how speculation can…

…to finance the expansion. Are these fears justified? There is a two-part answer to this question, the first related to economic theory, and the second to the specific conditions facing…

…assets aren’t flat. Now it has been argued that, in theory, they should be. However, they aren’t. For it to be possible to sell a lot of an asset quickly…

…a decline that is particularly sharp among men and people with a high school degree or more education. We don’t really have an explanation for the pattern, though one theory…

…the 77% of our power, thus nurturing hope, and let Obama send in Biden to the Senate. Hell, maybe it’s time they come up with the unitary vice executive theory…

…and where we were and who else was there). “You know what I think ? I think that in the history of economic theory the day in which they came…

…a second best argument for everything.” (means we should assume that the market outcome is the first best or we would have to admit that economic theory will not be…

…also a severe gap in economic theory, at least as remembered by Robert Barro. Wouldn’t one think that there must be some model in which correlations vary depending on the…