In effect, this theory says that all-you-can-eat buffets should not exist.
Not the least harmful effect of this particular theory is the present isolation of the theory of money from the main body of general economic theory.
His paper in effect unpacks the standard theory, apparently challenged by the current facts, into two parts one about the labour market, and the other about the connection between the labour market and general price inflation.
His books consist of a series of plainly stated statistical observations, in support of deceptively modest conclusions, and the evidence in support of his original observation is now so overwhelming that the Flynn effect has moved from theory to fact.
It is based on a piece of evolutionary theory called the founder effect, which shows how the isolation of small populations from larger ones can accelerate evolutionary change, because a small population's average characteristics are likely to differ from those of the larger group from which it is drawn.
One set of authors concluded that the reversal effect was inconsistent not only with utility theory but also with every existing theory of economic decision-making.
In theory, then, the net effect of immigration on native wages is uncertain.
Robinson said if his theory is correct, the domino effect is mind-boggling.
So this means that the perceived quality of private-sector loans to the Spanish government would deteriorate - which, in theory, would have the perverse effect of making it harder and more expensive for Spain to borrow from conventional sources.
The effect is a direct consequence of Einstein's theory of general relativity which tells us that space is warped by the presence of mass.
BBC: Planck telescope: A map of all the 'stuff' in the cosmos
One theory is that vitamin D interferes with the effect of the androgen receptor, which is stimulated by hormones such as testosterone and implicated in prostate cancer.
In theory, this gives the advertiser a better feel for the effect that ad had on those other 999 viewers who did not click on it.
That policy baldly contradicted the electronic interference theory, except insofar as 500 passenger devices might have a cumulative effect.
ENGADGET: Editorial: Devices on planes -- either enforce the rules or change them
In theory, lots of tiny, bustling investors should have a similar effect--keeping stocks pretty much suspended, with only slow changes.
The other is chaos theory, which explains how a tiny disturbance can cascade into a large effect.
The key conclusion of this theory is that transitory, short-term changes in income have little effect on consumer spending behavior.
FORBES: Obama's Temporary Stimulus Measures Vs. Milton Friedman
That has the effect of making metallic lead less electropositive (ie, more electronegative) than classical theory indicates it should be which would tend to make the battery worse.
Allardyce clearly does not adhere to the theory that a good Cup run builds a team's confidence and has a beneficial knock-on effect on their league form.
应用推荐