Be Healers

This satellite fireside address was given to the J. Reuben Clark Law Society at the Conference Center in Salt Lake City on February 28, 2003

The Study and Practice of the Laws of Men in Light of the Laws of God

This fireside address was given at the BYU Law School on November 22, 1987

Be Healers

This satellite fireside address was given to the J. Reuben Clark Law Society at the Conference Center in Salt Lake City on February 28, 2003

Using Meta‐Scientific Studies to Clarify or Resolve Questions in the Philosophy and History of Science

More powerful methods for studying and integrating the historical track record of scientific episodes and scientific judgment, or what Faust and Meehl describe as a program of meta‐science and meta‐scientific studies, can supplement and extend more commonly used case study methods. We describe the basic premises of meta‐science, overview methodological considerations, and provide examples of meta‐scientific studies. Meta‐science can help to clarify or resolve long‐standing questions in the history and philosophy of science and provide practical help to the working scientist

Transparency and Credibility: Monetary Policy with Unobservable Goals

We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are unobservable to the private sector and are inferred from the policy outcome. A low-credibility bank optimally conducts a more inflationary policy than a high-credibility bank, in the sense that it induces higher inflation, but a less expansionary policy in the sense that it induces lower inflation and employment than expected. Increased transparency makes the bank's reputation and credibility more sensitive to its actions. This has a moderating influence on the bank's policy. Full transparency of the central bank's intentions is generally socially beneficial, but frequently not in the interest of the bank. Somewhat paradoxically, direct observability of idiosyncratic central bank goals removes the moderating incentive on the bank and leads to the worst equilibrium.

A water-vapor electrolysis cell with phosphoric acid electrolyte

Feasibility of phosphoric acid water vapor electrolysis cell for spacecraft cabin air conditioning syste