Lars P. Syll

The nature of money Money is a component of the community’s accounting system, formed by way of allocating some kind of thing to a money position … In short, a community’s money is identifiable as that kind of thing which is everywhere enabled to serve as a general means of payment, the latter property being its nominal essence or function; and money’s nature or real essence is the set of rights and obligations (of participants of the monetary community) in...

Rom i regnet (personal) .                                                                                                                                 [embedded content] Till Anna — som fick mig att överleva tre ändlöst långa gymnasieår. Och till Ulf — som skriver den sorts musik som glömskan inte rår på.

Rational expectations — the triumph of ideology over science  For more than 20 years, economists were enthralled by so-called “rational expectations” models which assumed that all participants have the same (if not perfect) information and act perfectly rationally, that markets are perfectly efficient, that unemployment never exists (except when caused by greedy unions or government minimum wages), and where there is never any credit rationing. That such...

The road to hell .[embedded content] [embedded content]

Long ago, I was wounded. I lived to revenge myself against my father, not for what he was— for what I was: from the beginning of time, in childhood, I thought that pain meant I was not loved. It meant I loved.

Critiques du système quantitatif 2012, à San Francisco, une Déclaration sur l’évaluation de la recherche (DORA) était proclamée, signée par des centaines d’acteurs de la recherche dans le monde, insistant sur le fait que « le contenu scientifique d’un article est beaucoup plus important que les indicateurs de publication ou l’image de marque de la revue dans laquelle il a été publié ». Le texte précisait « la nécessité de mettre un terme à l’utilisation...

SMD theory means that assumptions guaranteeing good behavior at the microeconomic level do not carry over to the aggregate level or to qualitative features of the equilibrium. It has been difficult to make progress on the elaborations of general equilibrium theory that were put forth in Arrow and Hahn 1971 … Fifteen years after General Competitive Analysis, Arrow (1986) stated that the hypothesis of rationality had few implications at the aggregate level. Kirman (1989) held...

En grupp ‘högpresterande’ elever — Ada, Beda, och Cissi — söker in till en friskola. Ada och Beda blir antagna och börjar på den. Cissi blir också antagen, men väljer att gå på en kommunal skola. En annan grupp ‘lågpresterande’ elever — bestående av Dora och Eva — söker och blir både antagna till en friskola, men Eva väljer att gå på en kommunal skola. Om vi nu tittar på hur de presterar på ett kunskapsprov får vi följande resulatat: Ada — 22, Beda — 20, Cissi — 22, Dora — 12,...

Tribute to Björn Skifs .[embedded content]

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