…equal and depending on how you define ‘something’ this seems economically and psychologically plausible, higher prices drive down demand. Unfortunately in the real world all things are not equal and…

…last month, which defines such an institution as (see the bill here): “any entity that has grown so large that its failure would have a catastrophic effect on the stability…

…define three types of unemployment: frictional, structural, and cyclical. Frictional unemployment is defined as the unemployment that occurs because of people moving or changing occupations. Demographic change can also play…

…after 2037 we need to make minor changes in revenue either starting immediately or when Social Security falls out of Short Term Actuarial Balance (which the Trustees define as not…

…is to accurately define the nature of mental illness. The litmus test of drug efficacy in antidepressant trials is a questionnaire called the Hamilton Depression Rating Scale. The HAM-D was…

…is often the case, what we all know is false. Wrong. Bull$#%&. The Fed has not been pumping money into the economy lately, at least if you define lately as…

…law as unconstitutional (which, you won’t be surprised, in my view it clearly is) because it “interferes with the Commonwealth’s sovereign authority to define and regulate marriage” and “constitutes an…

by cactus Megan McArdle responds to a post I wrote: So Obama doesn’t count because he’s not really a Democrat. But Bill Clinton was. But Richard Nixon–the chap who implemented…

…define Democrats?), and I’ve had a few posts noting that Christina Romer was a very poor choice for CEA chair (Mankiw’s endorsement alone should have been a tip-off even to…

…also defined it so that it is meaningless, unfalsifiable, and not a hypothesis. His intellectual accomplishment can be reproduced in other fields. If I redefine “The Ptolomaic model” to mean…