Regarding the regression theorem, can the grandson also be the great-grand father? Ideas can only be overcome by other ideas and words proffer the instruments to meaning. The ability to wield words concisely, accurately and orderly is essential for communication and persuasion. Much of discourse, particularly from court economists, has devolved into sophistry and . . . → Read More: The Regression Theorem Understood And Applied
Most of Deidre McCloskey’s important new book serves to establish that if we want to explain the industrial revolution we need to explain why so much innovation occurred in England from the late 18th century and through the 19th century. She suggests that we should dismiss attempts to explain the industrial revolution in terms . . . → Read More: Was the Industrial Revolution caused by Bourgeois Dignity or Institutional Change?
At 8:30 AM EST, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 420,000 new jobless claims last week, which would would be the same as the number released last week.
Also at 8:30 AM EST, the monthly Personal Income and Outlays report for November will be . . . → Read More: Economic Events on December 23, 2010