In the mid-'60s in Berkeley, the theory of measure spaces of economic agents became one of my main interests.
An important ethical function of identity politics, in this context, is to highlight that obstacles to the self-development of individuals, and to the formation and exercise of their agency, emerge in complex cultural and psychic forms, as well as th...
One of the big take-aways from a lot of economic theory is that people should engage in consumption smoothing.
My mother was an economics professor. I'm proficient in math, and statistics, game theory, symbolic logic and all of that.
At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.
Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should ...
Karma theory is a spiritual philosophy used to explain and maintain the economic status of Asia.
We don't see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it.
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist, that I learned economic theory.
This is the problem for which revolutionary theory has yet to find the right solution, if there is one. The difficulty is that the economic interests of the two classes are antagonistic.
The scientific study of labor economics provided the opportunity for me to unite theory with evidence my lifetime intellectual passion.
I began my work in the '70s, teaching at a university in Bangladesh, and these economic theories that I had learned stopped ringing true for me, as I saw the misery of people living all around me.
It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory.
Justice is the first virtue of social institutions, as truth is of systems of thought. A theory however elegant and economical must be rejected or revised if it is untrue; likewise laws and institutions no matter how efficient and well-arranged must ...
Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by serious economic trouble.
My own theory is that we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy.
Good economic theory must give the people the chance to use their talents to build their own lives. We must get away from the traditional route where the rich will do the business and the poor will depend on private or public charity.
We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?
Obama, startled that components of government behave as interest groups, seems utterly unfamiliar with public choice theory. It demystifies and de-romanticizes politics by applying economic analysis - how incentives influence behavior - to government...
Some of you may have been hoping that today I would speak about Lucien Bouchard's latest economic theories. But I have decided to spare him for the time being: after all, he is a man.
