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Read More »The roots of today’s authoritarianism
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Read More »Deirdre McCloskey’s shallow and misleading rhetoric
Deirdre McCloskey’s shallow and misleading rhetoric This is not new to most of you of course. You are already steeped in McCloskey’s Rhetoric. Or you ought to be. After all economists are simply telling stories about the economy. Sometimes we are taken in. Sometimes we are not. Unfortunately McCloskey herself gets a little too caught up in her stories. As in her explanation as to how she can be both a feminist and a free market economist: “The market is the...
Read More »Saving Meritocracy
The promise of social mobility is broken for many people. This makes it tempting to blame meritocracy, claiming that the ideal merely serves to uphold an unjust system. But if taken seriously, this remedy would have disastrous effects. A world in which top positions are not even supposed to go to the most deserving would be less affluent because unqualified people would ascend to important positions of leadership and everyone would have fewer incentives to develop their...
Read More »When in Stockholm …
When in Stockholm … You shouldn’t miss two must-visit destinations — Skogskyrkogården and Millesgården. Skogskyrkogården — a UNESCO World Heritage site — is one of the most unique cemeteries in the world. Designed by renowned architects Gunnar Asplund and Sigurd Lewerentz, it combines nature and architecture in a harmonious and serene setting. Millesgården — located on Lidingö island — was once the home and studio of the sculptor Carl Milles. Here, you can...
Read More »Paul Davidson (1930-2024) In Memoriam
Paul Davidson (1930-2024) In Memoriam Paul Davidson, the co-founder of the Journal of Post Keynesian Economics (JPKE) and a leading Post Keynesian economist, died on June 20, 2024, in Chicago. He was born in Brooklyn, NY, on October 23, 1930, about a year after the Great Crash of 1929. He was a staunch defender of the importance of John Maynard Keynes, whose ideas, he insisted, differed fundamentally from those of the Neo-Keynesians who came to dominate...
Read More »Dyrkan av prismekanismen
Nedanstående är en gästpost signerad Mats Bladh Lars Syll skriver att felet med den neoklassiska teorin är dess deduktiva karaktär. Han tar Paul Krugman som exempel på att kritiska nationalekonomer själva faller tillbaka på sådana slutna modeller, och därför kan man inte ta slutenheten som det avgörande inslaget. Syll kunde ha tagit Joseph Stigler som exempel, hos vilken ”informationsmisslyckanden” höjs upp till norm i försöket att omvandla ”mainstream” inifrån. Jag vill hävda...
Read More »Stockholm
Touring again. Guest appearance in Stockholm. Regular blogging will be resumed next week.
Read More »All Along The Watchtower
All Along The Watchtower .[embedded content] In loving memory of my brother Peter, a big Jimi Hendrix fan. But in dreams, I can hear your name. And in dreams, We will meet again. When the seas and mountains fall And we come to end of days, In the dark I hear a call Calling me there I will go there And back again.
Read More »The identity trap
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