When judges write opinions in common law cases they frequently seek to justify their decisions not merely by citing any relevant precedent or other authority but also by setting forth what we will call ‘substantive reasons’. Reasons of this kind...
What do economists mean when they say "that there is no such thing as a free lunch"? Many neoclassical economists argue that money is neutral in an economy. This means that monetary policy cannot be effective. Do you agree or disagree with this clai...
Why is it that some economists are suspicious that some of those who claim they are for free trade, but fair trade are not really championing the cause of free trade? Why do some economists prefer multilateral agreements over regional trade agreements? Why are trade restrictions less ...
Financial capital, or capitalization, represents a symbolic claim on this real capital. Its quantity measures the present value of the earnings that the underlying capital goods are expected to yield. Both Marxists and neoclassicists accept the real/nominal bifurcation of the economy. They also ...
Yamey rejected the claim by Werner Sombart that the double-entry bookkeeping system was a pre-condition, or at least an important stimulating factor, for the emergence of modern capitalism. Yamey combined his interest in Accounting History with his love of art in his book Art & Accounting, a...
Certainly, Verizon makes no claim to be able to restore Yahoo to its former glory. Rather, it reckons Yahoo could help buttress its main business of selling mobile-phone subscriptions.威讯当然没有自称能让雅虎重现辉煌。相反,它认为雅虎可以巩固其移动通信主业。... he finds that inequality within ...
“rational” behavior that has endured so long only because of its mathematical convenience and its ideological power, justifying the facetious claim that so-called market economies are driven by the sovereign dispersed power of the consumers and not the concentrated power of corporate producers and ...
An elementary step is the recognition of the existence of constraints, sets of rules, or, broadly considered, the constitution. Gross misperception, especially in the minds of noneconomists, often prompts the claim that ‘the market’ (or ‘capitalism’) either works or does not work without co...
sickness and old age. I would go one step further and argue that, even if these conditions are not present, in other words, one can claim this substance minimum without having to have any "reason". I would suggest, however, that it should be limited to a definite period of time, let...
has been the triumphant return of voodoo economics, the “supply-side” claim that tax cuts for the rich stimulate the economy so much that they pay for themselves. In the real world, this doctrine has an unblemished record of failure.. In the world of Republican politics, however, voodoo...