…Kochs learn that racial minorities get more business subsidies than the oil and gas industries. Or should hell freeze over. But I’m speaking in jurisprudential theory here., not in political…

…“efficient markets hypothesis” underpinning financial deregulation, concedes he doesn’t know what “causes recessions” – but insists his theory has been vindicated anyway. Most mainstream economists have carried on as if…

…look less so. There is now the stirring of backlash from unexpected quarters, at least to the Mitt Romney theory of persons whose existence is entirely corporate in every sense…

…of corporate earnings were not accrued income? See JW Mason’s comments at Winterspeak for more on this, expressed more authoritatively than I can achieve. 2. Sadowski says “In underconsumption theory…

I’ve decided to look at US economic aggregates using theory and statistical methods which were popular in the 1960s. I have long told students that the model of investment which…

…I published the first of my two posts deconstructing The Antidisestablishmentarianism Theory of Obamacare Illegality seven weeks before he issued his opinion agreeing that the ACA does not in fact…

…He is describing the work that I have been doing for over a year. He is describing what Keynes wrote in Chapter 3 of General Theory about Effective Demand. Update…

…problem privileges the employer position. Mainstream theory is asymmetrical. And: The analyst who opposes worker shirking without criticism of industrial sabotage is taking sides, and the analyst who opposes industrial…

…between the efficiency wage explanation for equilibrium unemployment (Shapiro and Stiglitz, 1984) and Marx’s theory of the reserve industrial army. “In a sense,” writes Spencer, “the debate has come full…

…the 2002 Nobel Prize — in Economics! — for their 1979 work on “Prospect Theory.” (Fucking economists have been largely ignoring their work ever since, but that’s another subject…) About…