This man knows more about theoretical economics than I ever will.
The mistaken belief that a central bank can increase employment is the result of two persistent theoretical errors in economics.
He considered at one time going into politics (and he spent two years in Washington working for the government), but it was the theoretical lattices of economics that claimed him.
Few theoretical relationships in economics hold quite this well.
It was created after mathematics gave economics a theoretical underpinning that other social sciences lacked.
J. and corecipient of the 2007 Nobel Prize in economics for theoretical work on market design.
In order to test the theory they analyzed whether their data fit the predictions of a well-known theoretical model of short-termism developed by Harvard economics professor Jeremy Stein, who was recently named to the Board of Governors of the Federal Reserve System.
There is one theoretical way out of this dilemma: Supply-side economics, featuring the Laffer Curve, which under some circumstances enables us to have our cake and eat it too.
For those who want additional information on the economics of government spending, this video looks at the theoretical case for small government and this video examines the empirical evidence against big government.
Mark Buchanan is a theoretical physicist who writes about how physics can be used to understand biology, economics, psychology and other social sciences.
The economics prize, say its critics, has tended to reward purely theoretical work that may or may not describe behaviour in the real world.
This dissolution of the relationship between economics and finance is a huge problem, because interest rates are the theoretical and practical foundation of all financial valuation.
FORBES: Interest Rates For Dummies: Solving The Interest-Rate Puzzle
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