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Lars Pålsson Syll
Professor at Malmö University. Primary research interest - the philosophy, history and methodology of economics.

Lars P. Syll

Ulf Kristersson har helt rätt

Ulf Kristersson har helt rätt Moderaterna kräver idag att regeringen ökar trycket på att personal som arbetar inom vården eller med riskgrupper vaccinerar sig mot covid 19. De som avstår från att vaccinera sig bör överväga att byta anställning eller omplaceras, skriver Moderaterna i ett pressmeddelande. Det är sällan man har anledning hålla med den moderate partiledaren, men här har han för en gångs skull klockrent rätt!

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Fooled by randomness

A non-trivial part of teaching statistics to social science students is made up of teaching them to perform significance testing. A problem yours truly has noticed repeatedly over the years, however, is that no matter how careful you try to be in explicating what the probabilities generated by these statistical tests — p-values — really are, still most students misinterpret them. A couple of years ago I gave a statistics course for the Swedish National Research School in...

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MMT-perspektiv på pengar och skatter

MMT-perspektiv på pengar och skatter Om stater inte alls behöver sina medborgares pengar, varför betalar vi då överhuvudtaget skatt? Stephanie Kelton: – Ponera att den amerikanska staten skulle slopa alla skatter utan att samtidigt skära ned på sina utgifter. Om jag inte längre behöver betala någon skatt kan jag såklart göra av med mer pengar – problemet är bara att ekonomin och dess samlade arbetsstyrka samtidigt endast har en begränsad mängd extra varor...

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Interview mit Stephanie Kelton

Interview mit Stephanie Kelton Kelton: Die Vorstellung, dass Staaten nur eine begrenzte Menge an Geld zur Verfügung hätten, kommt aus einer Zeit, in der die Währung in den meisten Ländern in der einen oder anderen Form an Edelmetalle wie Gold oder Silber gekoppelt war. Heute ist das nicht mehr so. Geld wird einfach gedruckt – genauer gesagt: im Computer erzeugt. Es lässt sich beliebig vermehren. ZEIT: Das klingt jetzt so, als würden Sie einem Kind sagen:...

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Big data truthiness

All of these examples exhibit the confusion that often accompanies the drawing of causal conclusions from observational data. The likelihood of such confusion is not diminished by increasing the amount of data, although the publicity given to ‘big data’ would have us believe so. Obviously the flawed causal connection between drowning and eating ice cream does not diminish if we increase the number of cases from a few dozen to a few million. The amateur carpenter’s complaint...

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Garbage-can econometrics

When no formal theory is available, as is often the case, then the analyst needs to justify statistical specifications by showing that they fit the data. That means more than just “running things.” It means careful graphical and crosstabular analysis … When I present this argument … one or more scholars say, “But shouldn’t I control for every-thing I can? If not, aren’t my regression coefficients biased due to excluded variables?” But this argument is not as persuasive as...

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Econometrics and the challenge of regression specification

Econometrics and the challenge of regression specification Most work in econometrics and regression analysis is — still — made on the assumption that the researcher has a theoretical model that is ‘true.’ Based on this belief of having a correct specification for an econometric model or running a regression, one proceeds as if the only problem remaining to solve have to do with measurement and observation. When things sound too good to be true, they usually...

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Overconfident economists

Worst of all, when we feel pumped up with our progress, a tectonic shift can occur, like the Panic of 2008, making it seem as though our long journey has left us disappointingly close to the State of Complete Ignorance whence we began … It often takes years down the Path, but sooner or later, someone articulates the concerns that gnaw away in each of us and asks if the Assumptions are valid … It would be much healthier for all of us if we could accept our fate, recognize...

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