Lars P. Syll

What austerity preachers do not get We are not going to get out of the economic doldrums as long as we continue to be obsessed with the unreasoned ideological goal of reducing the so-called deficit. The “deficit” is not an economic sin but an economic necessity … The administration is trying to bring the Titanic into harbor with a canoe paddle, while Congress is arguing over whether to use an oar or a paddle, and the Perot’s and budget balancers seem eager...

Soziale mobilität in Deutschland und Schweden Denn Eltern-Kind-Vergleiche gab es in den vergangenen Jahrzehnten schon diverse, und diese ergaben oft, dass der Status der Eltern nur wenig Einfluss auf denjenigen ihrer Nachkommen und deren Einkommens-perspektiven gehabt habe. Selbst der Nobelpreisträger Gary Becker stützte diese These in den späten Achtzigerjahren noch. Die neue Studie nun, die drei und teilweise sogar vier Generationen miteinander...

Wren-Lewis’ bizarre critique of MMT Now we can see why MMT is so popular … We are in an MMT world, where we should be using fiscal policy and not worrying about the deficit, but policymakers don’t understand that. I think most mainstream macroeconomists do understand this, but we are not often heard. The ground was therefore ripe for MMT. Policymakers following austerity when they clearly should not annoys me a great deal, and I am very happy to join common...

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Folkomrösta om vinst i välfärden! Ja, det är ett krav som Gunilla Andersson (Gemensam välfärd), Päivi Vilkkavaara (Nätverket En annan vård är möjlig) och yours truly ställer i en debattartikel i ETC idag. Välfärden betalas av och är till för landets medborgare. Den skapas av hundratusentals engagerade välfärdsanställda. Det är dem landets folkvalda ska lyssna på, inte välfärdsbolagens lobbyister. Det enda rimliga är därför också att frågan om vinst i...

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Wren-Lewis and the dangerous MMT Professor Simon Wren-Lewis recently wrote: “The dangers of pluralism in economics: the case of MMT” … Wren-Lewis argues that MMT concepts can be explained using mainstream terminology. Since I tend to use fairly standard terminology, I cannot disagree with that argument. However, I would phrase it differently. Mainstream discussion of fiscal policy is almost invariably clouded with theoretical junk (“fiscal sustainability”,...

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