Habermas and Rorty on intersubjectivity and truth We teachers do our best to be Socratic, to get our job of re-education, secularization, and liberalization done by conversational exchange. That is true up to a point, but what about assigning books like Black Boy, The Diary of Anne Frank, and Becoming a Man? The racist or fundamentalist parents of our students say that in a truly democratic society the students should not be forced to read books by such...
Read More »Framtidens universitetsutbildning
I Universitetsläraren kunde man för inte alls så länge sedan — apropå den pågående debatten om studentgenomströmningen på våra universitet och högskolor — läsa följande i sanning intressanta påpekande från en universitetslektor vid Luleå tekniska universitet: För högskolans del gäller det att lägga energin på de studenter vi faktiskt har och acceptera att de inte är som vi själva var som studenter. Att ingen tänkt på detta! Så enkelt. Så elegant. Det borde ju vem som helst...
Read More »Jetzt kommt das Wirtschaftswunder
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Read More »Ti amo (personal)
[embedded content]Fifteen years ago today, I married this wonderful lady. As always, for you, Jeanette Meyer. “Though I speak with the tongues of angels, If I have not love… My words would resound with but a tinkling cymbal. And though I have the gift of prophecy… And understand all mysteries… and all knowledge… And though I have all faith So that I could remove mountains, If I have not love… I am nothing.” div{float:left;margin-right:10px;} div.wpmrec2x div.u >...
Read More »That’s how it goes when you prefer to read Ayn Rand
That’s how it goes when you prefer to read Ayn Rand A couple of years ago the former chairman of the Fed, Alan Greenspan, wrote in an article in the Financial Times, speaking of the continually increasing demands for stronger regulation of banks and finance: Since the devastating Japanese earthquake and, earlier, the global financial tsunami, governments have been pressed to guarantee their populations against virtually all the risks exposed by those...
Read More »Why the euro divides Europe
Why the euro divides Europe The ‘European idea’—or better: ideology—notwithstanding, the euro has split Europe in two. As the engine of an ever-closer union the currency’s balance sheet has been disastrous. Norway and Switzerland will not be joining the eu any time soon; Britain is actively considering leaving it altogether. Sweden and Denmark were supposed to adopt the euro at some point; that is now off the table. The Eurozone itself is split between...
Read More »A gender tax to address gender pay gap
A gender tax to address gender pay gap In dem Café Handsome Her in Melbourne, Australien, können Kaffee und Snacks für männliche Gäste mehr kosten – wenn sie wollen. Und das hat gute Gründe. Die Inhaberinnen des Cafés im angesagten Stadtteil Brunswick bitten männliche Kunden, rund 18 Prozent mehr zu zahlen, damit sie „das geschlechtsspezifische Lohngefälle reflektieren“. In Australien verdienen Männer durchschnittlich 17,7 Prozent mehr für ihre...
Read More »Krugman and Mankiw on loanable funds — so wrong, so wrong
Krugman and Mankiw on loanable funds — so wrong, so wrong A couple of years ago — in a debate with James Galbraith and Willem Buiter — Paul Krugman made it perfectly clear that he was a strong believer of the ‘loanable funds’ theory. Unfortunately, this is not an exception among ‘New Keynesian’ economists. Neglecting anything resembling a real-world finance system, Greg Mankiw — in his intermediate textbook Macroeconomics — more or less equates finance to...
Read More »The loanable funds hoax
The loanable funds hoax The loanable funds theory is in many regards nothing but an approach where the ruling rate of interest in society is — pure and simple — conceived as nothing else than the price of loans or credits set by banks and determined by supply and demand — as Bertil Ohlin put it — “in the same way as the price of eggs and strawberries on a village market.” It’s a beautiful fairy tale, but the problem is that banks are not barter institutions...
Read More »DSGE models — worse than useless
DSGE models — worse than useless The main point of this book is to serve as an antidote to the intellectual poison of the erroneous’veil of ignorance’ aphorism … Accordingly [it] rejects as erroneous the standard macroeconomic model, whose assumptions have been built into DSGE models. Among other conceptual absurdities, such as the assumption that economic actors consist of identical omniscient ‘rational agents’ all of whom have perfect information about...
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