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If this prof. wants to test his theory let him get elected CEO of a company and put his theories into practice.

You are making one big assumption which I am not sure I agree with which is this --- only by being the CEO of a company can one really determine whether the use of layoffs to increase sustained company profitability is realizable. A CEO of ONE COMPANY does not represent a whole industry or economy.

I am not going to dismiss the careful study of research institutions just like that. I'd rather someone REFUTE the methodology of the study and point out its flaws.

He can say anything he wants. The fact remains that companies use layoffs to increase profitability. RE: When the stock market was real it would go up when unemployment rose because the assumption was that companies would become more profitable and more stable. Again I say: If this prof. is so confident of his ideas let him put his money where his mouth is. That’s the American way.