Pseudo-vetenskapligt mumbo jumbo på svenska universitet Jag sprang nyligen på en sammanställning av genusdoktorsavhandlingar från 2014. Många godbitar. Men en av dem var särskilt anmärkningsvärd, nämligen nummer 19 i uppräkningen. Det handlar om doktors-avhandlingen “Rum, rytm och resande” från Linköpings universitet (pdf). Sammanställningen sammanfattar: “Avhandlingen undersöker järnvägstationer som fysiska platser och sociala rum ur könsperspektiv....
Read More »Demystifying Trickle Down
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Read More »The causes of secular stagnation and the loanable funds theory
The causes of secular stagnation and the loanable funds theory What are the causes of secular stagnation? What are the solutions to revive growth and get the U.S. economy out of the doldrums? … One headline conclusion stands out: the secular stagnation is caused by a heavy overdose of savings … All these savings end up as deposits, or ‘loanable funds’ (LF), in commercial banks … The glut in savings supply is so large that banks cannot get rid of all the...
Read More »A Happy New Year to all my blog readers
A Happy New Year to all my blog readers Tired of the idea of an infallible mainstream neoclassical economics and its perpetuation of spoon-fed orthodoxy, yours truly launched this blog six years ago. The number of visitors has increased steadily, and with now having had my posts viewed more than 3 million times, I have to admit of still being — given the rather wonkish character of the blog, with posts mostly on economic theory, statistics, econometrics,...
Read More »Farewell to neoliberalism
KR: The death of the centre-left has also led to the rise of the Right. You note … that working class white women overwhelmingly voted for Trump, while Clinton lost votes among African Americans and Latinos compared to Obama’s election in 2008. How have so many social groups associated with the Left – the working class, minorities, women – turned away? Wolfgang Streeck: That’s a difficult question as the “racial” complexities of American politics in particular are endless....
Read More »Facebook destroys democracy
ZEIT: Die Monopolstellung ist also mehr als ein marktwirtschaftliches Problem? Ferguson: Sie ist ein riesiges Problem. In der gesamten Menschheitsgeschichte galt der öffentliche Raum als nicht kommerziell. Heute haben wir daraus einen gigantischen Anzeigenmarkt gemacht. Die Suche nach Informationen ist wie der Gang in eine Bibliothek.Durch Google ist das jetzt ein weltweiter Verkaufsraum. Dasselbe sehen Sie in der Veränderung unserer sozialen Netzwerke. Früher hatten wir...
Read More »Is it time to ditch the natural rate hypothesis?
Is it time to ditch the natural rate hypothesis? Fifty years ago Milton Friedman wrote an (in)famous article arguing that (1) the natural rate of unemployment was independent of monetary policy, and (2) trying to keep the unemployment rate below the natural rate would only give rise to higher and higher inflation. The hypothesis has always been controversial, and much theoretical and empirical work has questioned the real-world relevance of the ideas that...
Read More »Trumpian trickle down
Trump and the GOP delivering a huge gift to US corporations and shareholders. The only trickle down to workers going on is probably best described in analogy to the above picture … Advertisements
Read More »O holy night
[embedded content] Absolutely outstanding. Divine. Advertisements
Read More »Oíche Chiúin
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