Lars P. Syll

The main ideas behind bootstrapping (student stuff) .[embedded content]

Paul Krugman’s gadget version of Keynesianism Paul Krugman has often been criticized by people like yours truly for getting things pretty wrong on  the economics of  John Maynard Keynes. When Krugman has responded to the critique, by himself rather gratuitously portrayed as about “What Keynes Really Meant,” the overall conclusion is — “Krugman Doesn’t Care.” Responding to a post up here on this blog, Krugman writes: Surely we don’t want to do economics via...

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Propensity score matching vs. regression (student stuff) .[embedded content]

Wittgensteins Sprachphilosophie — der Fliege den Ausweg aus dem Fliegenglas zeigen .[embedded content]

Le vaccin d’AstraZeneca et la balance bénéfice-risque .[embedded content]

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There is something about the way macroeconomists construct their models nowadays that obviously doesn’t sit right. Empirical evidence — still — only plays a minor role in mainstream economics, where models largely function as a substitute for empirical evidence. One might have hoped that humbled by the manifest failure of its theoretical pretences during the latest economic-financial crises, the one-sided, almost religious, insistence on axiomatic-deductivist modeling as the...

David Graeber on the importance of Roy Bhaskar’s work .[embedded content] No philosopher of science has influenced yours truly’s thinking more than Roy Bhaskar did. Roy always emphasised that the world itself should never be conflated with the knowledge we have of it. Science can only produce meaningful, relevant and realist knowledge if it acknowledges its dependence of the​ world out there. Ultimately that also means that the critique yours truly wages...

Gedankenexperiment — John Rawls .[embedded content]