Lars P. Syll

Although most social scientists can recite the formal definitions of the various regression assumptions, many have little appreciation of the substantive meanings of these assumptions. And unless the meanings of these assumptions are understood, regression analysis almost inevitably will be a rigid exercise in which a handful of independent variables are cavalierly inserted into a standard linear additive regression and coefficients are estimated. Although such an exercise may...

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Friedrich Nietzsche — von Rechtsextremen missbraucht Heute gibt es rechte Wortführer, die Donald Trump allen Ernstes als Übermenschen à la Nietzsche bezeichnen. Doch für Nietzsche selbst hätte Trump eher das Gegenteil verkörpert. Machtwütige Manager, die rastlos um die Welt jetten, hätte er als Sklaven gesehen. Eher wäre Greta Thunberg, die unbeirrbare Vorkämpferin der Fridays-for-Future-Bewegung, ein Übermensch in seinem Sinne. In Also sprach Zarathustra...

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Die ‘Schwarze Null’ ist eine falsche Ideologie  [embedded content]

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Joan Robinson on why it is so import to study economics The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

Die ‘Schwarze Null’ wackelt  [embedded content] Yes indeed — the government’s penny pinching is insane. Today there seems to be a rather widespread consensus of public debt being acceptable as long as it doesn’t increase too much and too fast. If the public debt-GDP ratio becomes higher than X % the likelihood of debt crisis and/or lower growth increases. But in discussing within which margins public debt is feasible, the focus, however, is solely on the...

A newly wedded couple celebrating in the garden of their summer residence. Seventeen years ago to the day. Feels like it was yesterday. [embedded content] As always, for you, Jeanette. Though I speak with the tongues of angels, If I have not love… My words would resound with but a tinkling cymbal. And though I have the gift of prophecy​… And understand all mysteries… and all knowledge… And though I have all faith So that I could remove mountains, If I have not love… I am...