The empirical turn in economics Ce qui fait l’unité de la discipline est plutôt l’identification causale, c’est-à-dire un ensemble de méthodes statistiques qui permettent d’estimer les liens de cause à effet entre un facteur quelconque et des résultats économiques. Dans cette perspective, la démarche scientifique vise à reproduire in vivo l’expérience de laboratoire, où l’on peut distinguer aisément la différence de résultat entre un groupe auquel on...
Read More »Weekend combinatorics (II)
How many permutations exist of the ten digits (0-9) that either begin with”123″, contain “56” in the 6th & 7th positions, or end with “789”?
Read More »Knowledge and growth
If you have an apple and I have an apple and we exchange these apples then you and I will each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas. George Bernard Shaw Adam Smith once wrote that a really good explanation is “practically seamless.” Is there any such theory within one of the most important fields of social sciences — economic growth? In Paul Romer’s Endogenous Technological Change (1990)...
Read More »Gimme Some Lovin
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Read More »On models and simplicity
On models and simplicity When it comes to modelling yours truly does see the point emphatically made time after time by e. g. Paul Krugman about simplicity — at least as long as it doesn’t impinge on our truth-seeking. ‘Simple’ macroeconomic models may of course be an informative heuristic tool for research. But if practitioners of modern macroeconomics do not investigate and make an effort of providing a justification for the credibility of the simplicity...
Read More »How to prove things
How to prove things .[embedded content] Great lecture series. Yours truly got Solow’s book when he was studying mathematics back in the 80s. Now in its 6th edition, it’s better than ever.
Read More »Lacrimosa
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Read More »Macroeconomics and the Friedman-Savage ‘as if’ logic
Macroeconomics and the Friedman-Savage ‘as if’ logic An objection to the hypothesis just presented that is likely to be raised by many … is that it conflicts with the way human beings actually behave and choose. … Is it not patently unrealistic to suppose that individuals … base their decision on the size of the expected utility? While entirely natural and under- standable, this objection is not strictly relevant … The hypothesis asserts rather that, in...
Read More »In state of emergency
In state of emergency .[embedded content] Koncerten i S:t Pauli kyrka tidigare i kväll var för yours truly en av årets musilkaliska höjdpunkter. Har ni möjlighet så missa inte koncerten (gratis) i Allhegonakyrkan i Lund i morgon kl. 19.00!
Read More »Tentamen
Yours truly har rykte om sig att vara en krävande tentator. Det stämmer nog. Men det finns alltid de som haft det ‘värre’ … [embedded content]
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