Theory
in sentence
2204 examples of Theory in a sentence
After the other justifications for big tax cuts were proved wrong, Reagan and Bush fell back on the
theory
that the decline in tax revenue was actually a good thing, because it would force Congress to approve spending cuts.
In theory, all of these issues could be dealt with together, in a kind of “grand deal.”
Moderate re-distribution was the more politically radical implication of Keynes’s economic theory, but the measures outlined above were also the limits of state intervention for him.
Even so, whereas Carnegie’s
theory
makes some sense (which is why his essay is remembered so well more than a century later), it isn’t obvious that he was right to believe that successful business people are the best administrators of charitable foundations.
The deeper flaw in Carnegie’s
theory
may be that it is just too difficult psychologically for business people to make the mid-life career transition to philanthropy.
The arguments against creating a European single currency and then allowing Greece to cheat its way into membership were valid back in the 1990s – and, in theory, they still are.
To me, the group’s work has exemplified the creative application of financial
theory
to find solutions to the crisis.
The
theory
of “debt overhang” – the intellectual origin of the proposal – explains why troubled banks are reluctant to issue new equity: the benefits accrue mostly to the bank’s bondholders and dilute existing shareholders.
But the proposal does not follow directly from modern finance
theory.
This is because we have no proper
theory
of private power.
It is available in the
theory
of reflexivity, which I first proposed 20 years ago in my book The Alchemy of Finance .
The
theory
holds that financial markets do not tend towards equilibrium.
Early criticism came from France, which vigorously objected to the 2004 and 2006 editions’ endorsement of the “legal origins” theory, which suggests that common-law countries benefit from greater regulatory efficiency than civil-law countries.
While in
theory
the repatriation should be safe and voluntary, the reality is different.
This view draws on the ‘Austrian’
theory
of booms and slumps, and also Milton Friedman’s explanation of the Great Depression of 1929.
In theory, bank-led resource allocation should have ensured that only viable projects were financed.
Regardless of whether this
theory
is true, its persistence lies at the core of Shevardnadze’s legacy.
China’s inevitable dominance in Asia could be accepted, provided it avoids outright wars with Japan, Taiwan, and other countries whose security is, in theory, guaranteed by treaties with the US.
The essence of globalization – free trade – rests on the
theory
of comparative advantage, which views international trade as profitable even for a country that can produce every commodity more cheaply (in terms of labor or all resources) than any other country.
Economists regard understanding the
theory
of comparative advantage as a test of professional competence.
Samuelson, who called the
theory
of comparative advantage the most beautiful thing in economics, changed his tune a bit at the end of his life.
Or so the
theory
went.
And, as if this were not enough, another menacing fault line has appeared along the former Iron Curtain, with governments of formerly communist countries openly defying the spirit of solidarity that used to characterize (at least in theory) the European project.
But, while it is true that such expansionary policies can have a recessionary impact on other economies, modern international-finance
theory
shows that the concept of a “currency war” is a myth.
Today, we can see that greater money supply has invariably led to higher inflation, exactly as the quantity
theory
of money teaches us.
What will be taught in the social
theory
courses of, say, 2070?
One
theory
is that voices arise because Broca's area "dumps" language outputs into parts of the brain that ordinarily receive speech inputs from the outside.
To test this
theory
we are using trans-cranial magnetic stimulation (TMS) to reduce the excitability of portions of the temporal lobe and Broca's region.
Unfortunately, this rationale has not held up particularly well either in
theory
or in practice.
Science and religion still wrestle over the legacy of Darwin's
theory
of evolution through natural selection.
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