…to not hold without these assumptions is irrelevant. In the case of financial market equilibrium, the assumptions are not just the core assumptions of rationality and old assumptions of perfect…

…the philosophes in particular to apply rationality to every problem is considered the essential change. The discussion of Enlightenment begins with free trade and that the USA is “not a…

…difference, I think cuts against rationality.”(italics mine) My own experience and reading appears to confirm Michael German’s viewpoint for the FBI as an institution. For the last fifty years. ___…

…a product to increase volume of sales. Then he may rely on marketing, which is devised to sell anything. What or who is preventing rationality in government buying, even if…

…the FOMCs statement in March. I think that such movements are often hard to explain if you believe in the perfect rationality of investors (rational overshooting models notwithstanding). Should we…

…about investor irrationality. But then I read a few other stories that better captured what DeKaser was saying: One-fifth of the nation’s housing market is significantly overpriced, but the overall…

…poured into financial veins. Alarm bells drown out rationality. Each crisis compounds succeeding ones. In the short or medium term, one thing seems almost certain: Exports will not rescue the…

…means that, with the simple preferences and rationality and all that, new Keynesian models have Ricardian equivalence. A temporary lump sum tax cut (or increase) has no effect on anything….

…Conservatives call it a race to rationality. — Breaking the grip of the unions, George F. Will, the Washington Post, Feb. 18 Yup. The decline of the U.S. auto industry…

…for the cost of pumping, so they pump until the source runs dry. There is no connection between first use and best use. To bring rationality to agricultural water rights,…