Lars P. Syll

Les garçons de la plage  [embedded content] div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements

[embedded content] Nationalekonomer hävdar ofta — vanligtvis med hänvisning till Milton Friedman och hans metodologiska individualism — att det inte gör så mycket om de antaganden som deras modeller bygger på är realistiska eller ej. Vad som betyder något är om de prediktioner/förutsägelser/prognoser som modellerna resulterar i visar sig vara riktiga eller ej. Om det verkligen är så, är den enda slutsats vi kan dra att dessa modeller och prognoser hör hemma i papperskorgen....

Deirdre McCloskey — shallow and misleading This is not new to most of you of course. You are already steeped in McCloskey’s Rhetoric. Or you ought to be. After all economists are simply telling stories about the economy. Sometimes we are taken in. Sometimes we are not. Unfortunately McCloskey herself gets a little too caught up in her stories. As in her explanation as to how she can be both a feminist and a free market economist: “The market is the great...

Nationalekonomiska föreningens årsmöte 2017  [embedded content] div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements

 [embedded content] [h/t Eric Schüldt] div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements

London ist eine Partnerstadt von Berlin. In Gedenken an die Opfer des Terroranschlags von London ist das Brandenburger Tor in Berlin deshalb in den britischen Nationalfarben angestrahlt worden. Wir stehen zusammen gegen den Terror. Solidarität besiegt den Terror. div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements

Economics textbooks transmogrifying truth — growth theory  [embedded content] The above vidoe is one in a series of videos where Alex Tabarrok and Tyler Cowen present their economics textbook Principles of Economics. In a later video, ‘ideas’ are introduced into the Solow growth model. But, not with a single word does one acknowledge that this in total contradiction to the Holy Grail of their mainstream economics — the “iron logic of diminishing returns.”...

Still the best TV series ever made  [embedded content] Brideshead Revisited — television’s greatest literary adaptation, bar none. Eleven episodes and actors like Jeremy Irons, Anthony Andrews, Diana Quick, John Gielgud and Laurence Olivier. Absolutely fabulous. div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements

Tax cuts won’t do it Stuck in the present ‘secular stagnation’ looking situation, politicians and economists have to make some choices if they want to get the economy going. From a Keynesian perspective one could perhaps contemplate (A) central banks lowering interest rates and doing some quantitative easing (B) governments cutting taxes and increase budget deficits (expansive monetary policies) (C) governments expanding through spending of their own...

Swedish housing bubble soon to burst House prices are increasing fast in EU. And more so in Sweden than in any other member state, as shown in the Eurostat graph below, showing percentage increase in annually deflated house price index by member state 2015: Sweden’s house price boom started in mid-1990s, and looking at the development of real house prices during the last three decades there are reasons to be deeply worried. The indebtedness of the Swedish...