…fooled by the mathematical imprimatur: behind every model and every data set is a political process that chose that data and built that model and defined success for that model….

…latter with the genuine-turnaround model, which is the model that Bain and Romney claim was (and Bain claims, is)** theirs. Yglesias is right to point out that the genuine-turnaround model…

…a business cycle. A verbal “model” after the jump. update: additional model with fixed capital added. The key reference from which this is not quite obvious is Kevin Murphy Andrei…

Tom aka Rusty Models for health care organizations? In a recent post I opined the Mayo Clinic and Cleveland Clinic, both favorites of President Obama, were not models for wide…

…the only real issue for my model was that the population would have to increase against the 1000 clams for the model to reflect the coffee made. There was less…

…to succeed? I bring in the growth model of the effective demand research… This model shows the optimal path of labor and capital utilization as the real GDP in an…

…model for the 1990s. Labor demand stayed the same from the 1980s, but labor supply shifted back right. The model for the 2000s. After a surge in labor share around…

I continue to explore the model that I posted this morning extending a relationship between inflation and capacity utilization. The model shows that labor share would determine the most balanced…

Many top economists use the IS-LM model to support low interest rates. The LM curve of the IS-LM model is built upon a model of financial markets. In the graph…

…“Econ 101” model – the undifferentiated, single-market supply-and-demand model – doesn’t work for labor markets. To some people involved in debates over labor policy, the theory is almost axiomatic –…