Lars P. Syll

The completeness of the Ricardian victory is something of a curiosity and a mystery. It must have been due to a complex of suitabilities in the doctrine to the environment into which it was projected. That it reached conclusions quite different from what the ordinary uninstructed person would expect, added, I suppose, to its intellectual prestige. That its teaching, translated into practice, was austere and often unpalatable, lent it virtue. That it was adapted to carry a vast...

The money multiplier — neat, plausible, and utterly wrong The mainstream textbook concept of money multiplier assumes that banks automatically expand the credit money supply to a multiple of their aggregate reserves.  If the required currency-deposit reserve ratio is 5%, the money supply should be about twenty times larger than the aggregate reserves of banks.  In this way, the money multiplier concept assumes that the central bank controls the money supply...

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In defense of DAGs .[embedded content]

Mobileländet i svensk skola I en debattartikel i Aftonbladet idag lyfter Tidöpartierna baksidorna med att tillåta mobiltelefoner i skolan. Efter att ha varit ute och besökt en rad skolor under några veckors tid kan yours truly inte låta bli att fundera över saker man skulle vilja ändra och förbättra. Och en och annan undran kan man ju också kosta på sig. Som t ex varför vi i vårt land inte följt det franska beslutet att totalförbjuda mobiltelefoner i...

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Apokalypsens fyra ryttare är här – för att dra ned brallorna på de neoklassiska ekonomerna. I det tysta pågår en revolution inom det ekonomiska fältet, och längst fram på barrikaderna står en grupp kvinnliga forskare. Det kan vara svårt att känna hopp när både höstens och den reaktionära samtidens mörker lägger sig över oss. Därför vill jag lyfta något som ger mig politiskt d-vitamin. Det handlar om en pågående ekonomisk-politisk revolution, som leds av fyra stencoola...

Krugman to Lietaer: “Never touch the money​ system” [embedded content]Bernard Lietaer (1942-2019) was a former professor of international finance and president at the Central Bank of Belgium. One of our greatest monetary thinkers, and contrary to Krugman et consortes,  he dared to talk about — and question — our monetary system!

Beware the Gray Ghost [embedded content] For my daughter Tora and son David — with whom, when they were just little kids, yours truly spent hours and hours watching this​ series (now available on Netflix) back in the 1990s. You were my heroes then. You still are.

Bayesian analysis with SPSS .[embedded content] Yours truly has for several years been conducting a doctoral course in statistics for students in educational science where SPSS has been used. Unfortunately, Bayesian analysis has not been available in that program. With version 29 of SPSS, things have changed.  So, next year, there will be a new addition to the course!