Lars P. Syll

On the importance of pluralism Theorien für die keine Alternativen in Betracht kommen scheinen, degenerieren allzuleicht zu dogmatisierten Systemen, die ihre Schwierigkeiten mit Hilfe von Alibi-Klauseln, ad-hoc-Annahmen und Abgrenzungspraktiken, kurz; durch Anwendung von Immunisieringsstrategien, zu bewältigen. Hans Albert Marktsoziologie und  Entscheidungslogik The only economic analysis that mainstream economists accept is the one that takes place within...

Why MMT is so popular 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 cause with...

Mainstream economics — like butter scraped over too much bread Much of current academic teaching and research has been criticized for its lack of relevance, that is, of immediate practical impact … I submit that the consistently indifferent performance in practical applications is in fact a symptom of a fundamental imbalance in the present state of our discipline. The weak and all too slowly growing empirical foundation clearly cannot support the...

Statsvetaren Patrik Hall vid Malmö presenterade statistik på DN Debatt gällande antalet anställda inom vissa yrkeskategorier i offentlig sektor och deras utveckling under perioden 2001-2013 … Jag blev nyfiken på hur det ser ut inom den svenska universitets-världen när jag läste Halls artikel. Känslan är nämligen att även svenska universitet lider av en växande byråkratisering, med ökande krav från den ”centrala administrationen” och underskott i assistenter och sekreterare...

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Mein junger Sohn fragt mich: Soll ich Mathematik lernen? Wozu? möchte ich fragen. Daß zwei Stück Brot mehr ist als eines: Das wirst Du auch so merken! Mein junger Sohn fragt mich: Soll ich Englisch lernen? Wozu? möchte ich fragen. Dieses Reicht geht unter und reibe Du nur mit der flachen Hand den Bauch und stöhne und man wird Dich schon verstehen. Mein junger Sohn fragt mich: Soll ich Geschichte lernen? Wozu? möchte ich fragen. Lerne nur Deinen Kopf in die Erde zu stecken,...

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Why game theory will be nothing but a footnote in the history of social science Nash equilibrium has since it was introduced back in the 50’s come to be the standard solution concept used by game theorists. The justification for its use has mainly built on dubious and contentious assumptions like ‘common knowledge’ and individuals exclusively identified as instrumentally rational. And as if that wasn’t enough, one actually, to ‘save’ the Holy Equilibrium...

Rational expectations — the triumph of ideology over science Research shows not only that individuals sometimes act differently than standard economic theories predict, but that they do so regularly, systematically, and in ways that can be understood and interpreted through alternative hypotheses, competing with those utilised by orthodox economists. To most market participants — and, indeed, ordinary observers — this does not seem like big news … In fact,...

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