How to get published in top economics journals By the early 1980s it was already common knowledge among people I hung out with that the only way to get non-crazy macro-economics published was to wrap sensible assumptions about output and employment in something else, something that involved rational expectations and intertemporal stuff and made the paper respectable. And yes, that was conscious knowledge, which shaped the kinds of papers we wrote. Paul...
Read More »Pachelbel’s Canon
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Read More »Hymn of the Cherubim
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Read More »Waltz by the river
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Read More »Keynes vs. Keynesianism
But these more recent writers like their predecessors were still dealing with a system in which the amount of the factors employed was given and the other relevant facts were known more or less for certain. This does not mean that they were dealing with a system in which change was ruled out, or even one in which the disappointment of expectation was ruled out. But at any given time facts and expectations were assumed to be given in a definite and calculable form; and risks,...
Read More »‘Svenska nyheter’ och friskolorna
‘Svenska nyheter’ och friskolorna [embedded content] I Sverige år 2018 låter vi friskolekoncerner med undermålig verksamhet få plocka ut skyhöga vinster – vinster som den svenska staten gladeligen låter dessa koncerner ta av vår skattefinansierade skolpeng. Dessa smarta välfärdsplundrare har överlag en högre lönsamhet än näringslivet i sin helhet, men när man väl plundrat färdigt lämnar man över problemen och eleverna till den förkättrade offentliga...
Read More »La Prudenza della Federal Reserve
La Prudenza della Federal Reserve Alla sua prima uscita ufficiale di fine febbraio al Congresso, il presidente della Federal Reserve, Jay Powell, aveva parlato di un’economia col “vento in poppa”. Ma se qualcuno, a caldo, vi aveva scorto il segnale di una più rapida risalita dei tassi d’interesse, il mercato non sembra crederci poi troppo. Da febbraio, il rendimento dei titoli federali a medio-lungo termine (che rispecchia le aspettative sulla futura...
Read More »Brücke
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Read More »I have a dream
I have a dream [embedded content] King’s plea for a more just society is — sad to say — as relevant as ever today when many of the injustices King highlighted still apply. Advertisements
Read More »Involuntary unemployment — a Keynesian ‘impurity’
Samuelson’s reconciliation of the micro-economic ideal type with involuntary unemployment was repudiated, along with Keynesian prescriptions, in favor of a view that there could be no involuntary unemployment , hence that government action was unnecessary. The result was a doctrinaire derivation of the laissez-faire conclusions that had been overturned by the formalist revolution; economics was now cleansed of Keynesian impurities that had been introduced in the interest of...
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