…relationship. The theory of standardization, the theory of undercutting, the fixed group demand or lump labor theory, and the standard of living theory, are vital to the carpenters’ rules. Journeymen…

…Or ‘a Theory of the Labor Fund’, after an obvious analogy with an economic theory – ‘The Wages Fund’, or the idea of a ‘fixed wage bill’ from which all…

…nothing at all. Mex replied: Here we are pressing the frontiers of utility theory. The fact of an economic change in material circumstances depends on what is in peoples’ heads,…

…Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment, by Chiarella, Flaschel, and Franke our of Cambridge University Press. The label has not caught on…

…Keynesian economic thought, although I had not previously thought of myself as such, indeed, had been unaware that there even was such a school of economic thought. But now, according…

by Linda Beale Calling all Americans: we face an “austerity crisis” not a fiscal “cliff”; we need a piecemeal solution, not a “grand bargain” Keynesian economic theory is the only…

…beast” approach to government. Instead of the paradox that liberals sense between”values” voting and market fundamentalist economic theory that supports an oligarchy at odds with most of the “values” voters’…

…effects on different economic measures? 5. In which branches do Democratic and Republican results differ the most? Does that vary depending on the economic measure you’re looking at? 6. Do…

…and can skimp only so much on what they eat.  Ernie Tedeschi, formerly on the staff at President Biden’s Council of Economic Advisers, now director of economics at the Budget…

…Saving is just a residual, or remainder, of two economic flows: income minus outlays. It’s not itself an economic flow. In fact by its very nature, it’s a non-flow: holding…