Thorndike's stimulus response theory credits the rat with no acquired knowledge of the connection between pressing the lever and obtaining sucrose; the function of sucrose is merely to strengthen the stimulus response connection.
There was The Great Man theory, credited to 19th-century historian Thomas Carlyle, who believed men with special vision and mad obsession shaped history.
(Theories credit everything from bright new waves of immigrants to grim forced marches of incarceration, and the sociologists can't decide which is right).
Traditional financial intermediary theory includes credit medium theory and credit creation theory.
This was the so-called availability theory of credit; it held that monetary policy had its effect on spending not only directly through interest rates but also by restricting the general availability of credit and liquid funds.
Wet Wipe toddlers learn Mandarin and violin and probably mandolin, and for all I know already understand stuff I'll never manage to follow, such as string theory and credit default swaps and the plot of True Detective.
Reading through it on the tube, I came across the "real bills" theory of credit which held that, if banks lend money only to finance the purchase of goods (cement, copper wire, cotton etc) then their activities will not be inflationary.
The cycle was self-reinforcing: banks lent money to people to buy property, causing prices to rise, making banks more willing to lend, and so on.To explain the process, Mr Duncan outlines his "quantity theory of credit"—adapting Irving Fisher's equation on the relationship between money supply and prices.
In theory, consumer credit should be a function of savings–hence the old-fashioned savings-and-loan bank.
In theory, expanding credit to Mexicos underbanked population is a worthy goal and one that serves the country as a whole.
