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Lars Pålsson Syll
Professor at Malmö University. Primary research interest - the philosophy, history and methodology of economics.

Lars P. Syll

The main insight of MMT

The main insight of MMT MMT is, first and foremost, a balance sheet approach to macroeconomics. At its very core lie reserve accounting, then deposit accounting, and then sectoral balances accounting. There is very little behaviour in any of this. Equilibrium rules as all balances balance – in both flows and stocks – and there are no assumptions apart from the existence of a central bank, a Treasury, a banking system and some households and firms. MMT can...

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Pelle the Conqueror

.[embedded content] Max von Sydow (1929-2020) was a Swedish actor who featured in more than 100 films and TV series. He made many memorable roles, but the one that has touched me most is as the father in Pelle Erobreren — based on Martin Andersen Nexö’s epic masterpiece. Bille August directed. Stefan Nilsson wrote the music. Max von Sydow made the performance of his life. And it breaks my heart every time I watch it.

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Has economics — really — become an empirical science?

Has economics — really — become an empirical science? In Economics Rules (Oxford University Press, 2015), Dani Rodrik maintains that ‘imaginative empirical methods’ — such as game theoretical applications, natural experiments, field experiments, lab experiments, RCTs — can help us to answer questions concerning the external validity of economic models. In Rodrik’s view, they are more or less tests of ‘an underlying economic model’ and enable economists to...

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Fred till varje tänkbart pris? Nej!

Fred till varje tänkbart pris? Nej! Ukrainas president Zelenskyj har nu under veckor talat om för omvärlden att fly från Ukraina inte är ett alternativ och att det är nödvändigt att landet får militär hjälp för att kunna försvara sig mot den ryska aggressionen. Frihet och demokrati är något vi alla ytterst borde vara beredda att offra våra liv för.  Trots detta verkar en del debattörer ha inställningen att fred till vilket pris som helst är det viktigaste...

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