Lars P. Syll

Valaam Monastery — Agni Parthene  [embedded content] [h/t Eric Schüldt] Advertisements

The belief in the power and necessity of formalizing economic theory mathematically has thus obliterated the distinction between cognitively perceiving and understanding concepts from different domains and mapping them into each other. Whether the age-old problem of the equality between supply and demand should be mathematically formalized as a system of inequalities or equalities is not something that should be decided by mathematical knowledge or convenience. Surely it would...

Because I was there when the economics department of my university got an IBM 360, I was very much caught up in the excitement of combining powerful computers with economic research. Unfortunately, I lost interest in econometrics almost as soon as I understood how it was done. My thinking went through four stages: 1. Holy shit! Do you see what you can do with a computer’s help. 2. Learning computer modeling puts you in a small class where only other members of the caste can...

Woman is the nigger of the world  [embedded content] The economic implications of gender discrimination are most serious. To deny women is to deprive a country of labor​ and talent, but — even worse — to undermine the drive to achievement of boys and men. One cannot rear young people in such wise that half of them think themselves superior by biology, without dulling ambition and devaluing accomplishment … To be sure, any society will have its achievers no...

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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...