.[embedded content] In loving memory of my parents-in-law, Ritva [† 2021] and Erik Syll [† 2020]
Read More »Postmodernist flips
I have argued against the postmodern tendency to flip from naive objectivism to relativism and idealism, from totalities to fragments, and from ethnocentrisms to new forms of self-contradictory cultural relativism. A realist approach shows us that we can escape from these alternatives. The Modernist project — and more specifically, critical social science — don’t need foundationalism or notions of absolute truth. They can be not only better understood but furthered through a...
Read More »Postmodern undecidability
For the idealist, the fact that the Inuit have many words for snow while the bush people of the Kalahari desert have none is merely a function of their different languages and has nothing to do with any extra-discursive reality … However, those who claim that reality is a discursive construct don’t believe what they say, for their practice — for example avoiding extra-discursive dangers, such as oncoming cars — shows that they cannot make the world a slave to their discourses...
Read More »Statistics and econometrics — science building on fantasy worlds
Statistics and econometrics — science building on fantasy worlds In econometrics one often gets the feeling that many of its practitioners think of it as a kind of automatic inferential machine: input data and out comes casual knowledge. This is like pulling a rabbit from a hat. Great — but first you have to put the rabbit in the hat. And this is where assumptions come into the picture. The assumption of imaginary ‘super populations’ is one of the many...
Read More »Why technical fixes will not rescue econometrics
Why technical fixes will not rescue econometrics On the issue of the various shortcomings of regression analysis and econometrics, no one sums it up better than David Freedman in his Statistical Models and Causal Inference: In my view, regression models are not a particularly good way of doing empirical work in the social sciences today, because the technique depends on knowledge that we do not have. Investigators who use the technique are not paying...
Read More »Mainstream economics — replete with arrant nonsense
Mainstream economics — replete with arrant nonsense Mainstream economics is replete with ideas that “everyone knows” to be true, but that are actually arrant nonsense. For example, “everyone knows” that: • Aggregate production functions (and aggregate measures of the capital stock) provide a good way to characterize the economy’s supply side; • Over a sufficiently long span—specifically, one that allows necessary price adjustments to be made—the economy...
Read More »Reinstating the gold standard
Reinstating the gold standard Ninety years ago Keynes could congratulate Great Britain on finally having got rid of the biggest ”barbarous relic” of his time — the gold standard. He lamented that advocates of the ancient standard do not observe how remote it now is from the spirit and the requirement of the age … [T]he long age of Commodity Money has at last passed away before the age of Representative Money. Gold has ceased to be a coin, a hoard, a...
Read More »Facts and values — a critical realist perspective
Facts and values — a critical realist perspective .[embedded content]
Read More »Judith Butler — a severe case of postmodern mumbo jumbo
Judith Butler — a severe case of postmodern mumbo jumbo .[embedded content] The move from a structuralist account in which capital is understood to structure social relations in relatively homologous ways to a view of hegemony in which power relations are subject to repetition, convergence, and rearticulation brought the question of temporality into the thinking of structure, and marked a shift from a form of Althusserian theory that takes structural...
Read More »Prayer
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