Kenneth Arrow News
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Conjure an image in your mind: a pencil resting on a small table, perhaps next to a notebook. In what position did you imagine the pencil? Lying on its side, right? Why not upright, with either the eraser or the graphite tip touching the table and the rest pointing into the air?
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Even as global financial turmoil induces some to advocate for freer markets, the heavier hand of Keynesian macroeconomic policy is also experiencing a resurgence.
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Eight U.S. senators, along with Representative John Boehner and 35 economists, won the right to submit their arguments in a lawsuit by 20 states seeking to undo the Obama administration’s health-care overhaul.
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A group of 35 economists, including three Nobel laureates, asked a U.S. judge for permission to file a brief backing the Obama administration’s bid to end a lawsuit challenging its health-care overhaul.
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The defendant called “Tipper X” in the Galleon Group insider-trading case and a co-defendant agreed to cooperate with the government’s probe after pleading guilty, U.S. prosecutors said.
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Congresswoman Michele Bachmann and 62 other members of the U.S. House of Representatives filed a court brief backing a lawsuit by 20 states challenging the legality of the Obama administration’s health care legislation.
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The Obama administration’s defense of its health-care reform shifts to Florida today, three days after a judge in Virginia ruled part of the new law unconstitutional.
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The Obama administration’s health- care reform should be thrown out because it overreaches the federal government’s authority, opponents argued in a Florida lawsuit three days after a judge in Virginia ruled part of the law unconstitutional.
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The Obama administration’s health- care overhaul unconstitutionally requires Americans to maintain a minimum level of health insurance, a federal judge ruled, striking down the linchpin of the plan.
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Almost five years after a financial crash nearly thrust the world into depression, a peculiar paradigm still dominates economic thought.
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