Perhaps inadvertently, the theory encourages its adherents to view the natural order as "survival of the chosen".
That in turn would reduce red tape, make it easier for companies to hire and fire employees and, in theory, encourage more investment in Brazil.
The number of companies issuing such high-grade debt dwindled, as corporate-finance theory encouraged companies to borrow more heavily to increase earnings.
While standard group-dynamics theory encourages the existence of a board where all directors get along (a theory to which I subscribe), each director must feel free to always speak his or her mind.
In post-Watergate America, the late Lawrence Kohlberg, a Havard psychologist and moral educator, developed a 6-stage theory of moral development which swept through school curricula across the country; his theory encouraged schoolchildren to renounce personal ties for higher principles.
Most spectacularly, the theory encouraged investors to sell shares just before the crash of 1929.Once again, Dow theory is sounding the alarm; it has been since November 7th (since when the Dow Jones Industrial Average has fallen by 7%).
Mr. Obama has expressed hope that "the fever may break" after the election and that the parties come together, a theory encouraged by allies like Senator John Kerry, Democrat of Massachusetts.
Dr. Wilcox also said she was disinclined to believe that Mr. Williams had committed suicide, a theory encouraged by a newspaper clipping found in his flat that canvassed the most common regrets that people have on their deathbeds.
In "Leni" Mr. Bach notes that in the 1970s the feminist movement "sought to claim her as forerunner or exemplar," while proponents of the auteur theory encouraged "viewing her work for its style, for its formal qualities and technical innovations, as if her art were independent of subject and technique were irrelevant to content".
