Raoult Was Right After All

Malthus was right after all: poor relief and birth rates in southeastern England.

The payment of child allowances to laborers with large families was widespread in early nineteenth-century England. This paper tests Thomas Malthus's hypothesis that child allowances caused the birth rate to increase. A cross-sectional regression model is estimated to explain variations in birth rates across parishes in 1826-30. Birth rates are found to be related to child allowances, income, a...

Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All?

The classical doctrine of the Lender of Last Resort, elaborated by Bagehot (1873), asserts that the central bank should lend to “illiquid but solvent” banks under certain conditions. Several authors have argued that this view is now obsolete: when interbank markets are efficient, a solvent bank cannot be illiquid. This paper provides a possible theoretical foundation for rescuing Bagehot’s view...

Jaspers was right after all--delusions are distinct from normal beliefs. For.

Jaspers’ textbook General Psychopathology has in the past been described as the ‘most important single book on the aims and logic of psychological medicine’ (Shepherd, 1990). In recent years it seems to have rather fallen off the psychiatric syllabus. Its diminished importance is exemplified by changing opinions about delusions. Nowadays, delusions are considered by many to lie on a continuum w...

Was Einstein 100% Right ? *

The confrontation between General Relativity and experimental results, notably binary pulsar data, is summarized and its significance discussed. The agreement between experiment and theory is numerically very impressive. However, some recent theoretical findings (existence of non-perturbative strong-field effects, natural cosmological attraction toward zero scalar couplings) suggest that the pr...

Fisher Was Right