validity of theory is truth. In contrast, a policymaker's domain is action, and the criterion of validity is the efficiency of … the policy given its goals, as well as that of justification. The fact that a policymaker is indifferent to the truth (or … international agencies can discard overnight the theories that have previously demonstrated the truth of the causalities underlying …

interest rates. To a certain extent, all view German unification as a prime culprit. This article acknowledges that although … problem was brewing in Germany long before unification, namely the danger of being a high wage country specialised in medium …