…tradition of property rights systems, governance/authority, equity? I suppose these could be “negative” or “positive” as we might define them, but I just wanted to cash in on your two…

…define start and stop times related to the Fair Labor Standards Act (FLSA). The PPA notes: (1) walking, riding, or traveling to and from the actual place of performance of…

…States do. He then says that while it is true that EU states give less in cash grants and other kinds of subsidies defined as “state aid” in EU law,…

…paper in which I define them. Standard micro founded models of investment are based on shareholder value maximization and assume that there are adjustment costs, so investment decisions must be…

Noah Smith states that there is no “cycle” to the business cycle. (link) My response on twitter was, “…there can be definable limits without a cycle.” Can we define the…

…+ (1+a)*(C – Ca) Now, I need to define Ca for how to adjust the core inflation target (Ct) for NGDP targeting. Ca = Ct + Ct – average of…

…an “investment incentive,” “location incentive,” or “location subsidy.” I define all three of these terms as “a subsidy to affect the location of investment.” What, then, is a “subsidy”? To…

…common in much of the rich world, except in the Anglo-Saxon sphere. In America, we do things differently. In a recent Slate article, Eric Posner and E. Glen Weyl explain…

…Krugman discussed. He went on to define the fetish of liquidity as “the doctrine that it is a positive virtue on the part of investment institutions to concentrate their resources…

…Property, Protection of Private Property, and Protection of Private Property. It really is that simple, at least once you define private beliefs and personal freedom as property. And property does…