Lars P. Syll

Monsieur Jean-Claude Arnault hat den Nobelpreis zerstört In diesem Jahr wird der Preis nun wieder nicht vergeben. Schlimmer noch: Es ist mehr als fraglich, ob er seine Bedeutung nicht für immer verloren hat und von ihm nur das übrig bleibt, was meistens übrig bleibt, wenn Mythen sterben: das hässliche Geld. Schuld daran ist ein gewisser Jean-Claude Arnault. Das ist unfassbar. Wie kann ein einziger Franzose vollbringen, wozu es zuvor zweier Weltkriege...

Guest appearances in Denmark and Germany. Regular blogging will be resumed next week. Advertisements

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Fifteen years ago, Swedish citizens were asked if they wanted to join the eurozone. Of the more than 80 % of registered voters participating in the referendum close to 57 % said NO. Yours truly — unlike the ‘usual suspects’ among establishment economists — participated​ actively in the fight against the euro — and it’s still something I’m immensely proud of. New figures from Eurostat show that the unemployment rate in the eurozone countries is​ on average still over 8 percent....

Zlatan i all ära, men för mig kommer alltid den här grabben att vara nummer ett. Bosse Larsson spelade 16 säsonger i MFF. Han vann sex SM-guld och toppade skytteligan vid tre tillfällen. 1965 gjorde han 28 mål på 22 matcher. Advertisements

Schumpeter — an early champion of MMT Evidently this phenomenon is peculiar to money and has no analogue in the world of commodities. No claim to sheep increases the number of sheep. But a deposit, though legally only a claim to legal-tender money, serves within very wide limits the same purposes that this money itself would serve. Banks do not, of course, ‘create’ legal- tender money and still less do they ‘create’ machines. They do, however, something—it...

Busting the NAIRU myth Even as it became conventional wisdom, the supposed relationship between unemployment and increasing or decreasing rates of inflation was breaking down — notably in the 1990s. Unemployment got below 4 percent in 2000 without inflation taking off. Since the onset of Great Recession, the gap between theory and reality has only grown … Once we see how weak the foundations for the natural rate of unemployment are, other arguments for...

Bill Mitchell on the failure of economics  [embedded content] Great lecture! Advertisements