Valet — nu får vi skörda vad vi sått Idag avgörs det hur Sverige kommer att styras under närmsta fyra åren. I en av de absolut viktigaste och avgörande frågorna i detta val — integrationspolitiken — har de etablerade partierna under decennier betett sig så här: Och nu får man skörda resultatet av denna förfelade ‘politiska korekthet’. Visst — några partier har insett allvaret under de senaste åren och istället för att peka finger valt att äntligen prata om...
Read More »Economics needs a new Reformation
Economics needs a new Reformation A more pluralist approach would take account of the complexity of markets, the constraints imposed by nature and rising inequality. So what needs to be done? Firstly, listen to consumers, because it is pretty obvious that they are unimpressed with what they are getting. The failure of the economics establishment to predict the crisis and its insistence that austerity is the right response to the events of a decade ago has...
Read More »Infinity
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Read More »The range of men and women
The range of men and women I happen to be reading The Puppet Masters, a Heinlein novel from the 1950s … and came across this line: “Listen, son—most women are damn fools and children. But they’ve got more range than we’ve got. The brave ones are braver, the good ones are better—and the vile ones are viler. . . .” What struck me about the above quote is how it goes in the opposite of current received wisdom about men and women, the view, associated with...
Read More »Secular stagnation and failed interpretations of Keynes
Secular stagnation and failed interpretations of Keynes Commenting on the Stiglitz-Summers debate on secular stagnation, Roger Farmer writes: We cannot continue to make unfounded assertions about economic policy using the failed interpretation of the General Theory that evolved from John Hicks’ attempt to reconcile Keynes with the classics. The current manifestation of that approach is so-called New Keynesian Economics, which Summers himself has rightly...
Read More »Nothing Compares
[embedded content] In loving memory of Kristina. Advertisements
Read More »Is secular stagnation nothing but an excuse for flawed economic policies?
Is secular stagnation nothing but an excuse for flawed economic policies? There are many lessons to be learned as we reflect on the 2008 crisis, but the most important is that the challenge was – and remains – political, not economic: there is nothing that inherently prevents our economy from being run in a way that ensures full employment and shared prosperity. Secular stagnation was just an excuse for flawed economic policies. Unless and until the...
Read More »Do you think, because I am poor, I am soulless and heartless?
Do you think, because I am poor, I am soulless and heartless? [embedded content] An absolutely ripping Mia Wasikowska in Brontë’s classic Jane Eyre Advertisements
Read More »Sweden and the perils of failed integration
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Read More »Discrimination in the labour market
Discrimination in the labour market In der Forschung zu Arbeitsmarktdiskriminierung existieren zwei theoretische Ansätze, die sich mit den Ursachen für diskriminierendes Verhalten von Arbeitgebern befassen: Theorien der präferenzbasierten und der statistischen Diskriminierung. Der amerikanische Ökonom und Soziologe Gary Becker hat erstmals den Begriff der „taste-based discrimination“ eingeführt um zu beschreiben, dass sich Arbeitgeber bei ihren...
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