The greatest Christmas duet ever recorded .[embedded content]
Read More »Cui bono?
How to argue with silly economists
How to argue with silly economists In the increasingly contentious world of pop economics, you … may find yourself in an argument with an economist. And when this happens, you should be prepared, because many of the arguments that may seem at first blush to be very powerful and devastating are, in fact, pretty weak tea … Principle 1: Credentials are not an argument. Example: “You say Theory X is wrong…but don’t you know that Theory X is supported by Nobel...
Read More »Rasism på svensk arbetsmarknad
Rasism på svensk arbetsmarknad Vi studerar effekter av erfarenhet från ett gigjobb genom ett s.k. korrespondens-experiment. Vi skickade under 2018 omkring 10 000 fiktiva ansökningar till 3 300 jobbannonser hämtade från Arbetsförmedlingens sida Platsbanken. Genom att slumpmässigt variera arbetslivserfarenheten i ansökningarna och räkna andelen positiva svar från arbetsgivarna, kan vi isolera effekten av olika typer av arbetslivserfarenhet på sannolikheten...
Read More »O helga natt
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Read More »Universitetslärare — folk som jobbar gratis i det tysta
Universitetslärare — folk som jobbar gratis i det tysta Universitet och högskolor är genomsyrade av en kultur där vi jobbar gratis — med forskning, med undervisning och med samverkan. Vi gör det för att vi är dedikerade och brinner för vårt jobb och för att vi vill ge våra studenter en bra utbildning. Men den viktigaste orsaken är att det är helt oundvikligt om man vill ha minsta chans att göra karriär och få forskningstid … Medan vi väntar på...
Read More »Arrow-Debreu obsession
I’ve never yet been able to understand why the economics profession was/is so impressed by the Arrow-Debreu results. They establish that in an extremely abstract model of an economy, there exists a unique equilibrium with certain properties. The assumptions required to obtain the result make this economy utterly unlike anything in the real world. In effect, it tells us nothing at all. So why pay any attention to it? The attention, I suspect, must come from some prior...
Read More »Confronting the rich and mighty
Confronting the rich and mighty . [embedded content] Courage is to do the right thing in spite of danger and fear. To keep on even if opportunities to turn back are given. Like in the great stories. The ones where people have lots of chances of turning back, but do...
Read More »Oíche Chiúin
[embedded content] In loving memory of my father-in-law, Erik Syll (1930-2020). May God hold you in the palm of his hand.
Read More »Why economic models do not explain
Why economic models do not explain In physics, we have theories and centuries of experience and experiments that show how gravity makes bodies move. In economics, we know there is nothing equivalent. Mainstream economists necessarily have to load their theories and models with sets of auxiliary structural assumptions to get any results at all in their models. So why then do mainstream economists keep on pursuing this modelling project? Mainstream ‘as if’...
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