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Mike Norman Economics

Lars P. Syll — Randomization — a philosophical device gone astray

When giving courses in the philosophy of science yours truly has often had David Papineau’s book Philosophical Devices (OUP 2012) on the reading list. Overall it is a good introduction to many of the instruments used when performing methodological and science theoretical analyses of economic and other social sciences issues. Unfortunately, the book has also fallen prey to the randomization hype that scourges sciences nowadays.... Lars P. Syll’s BlogRandomization — a philosophical device...

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Bill Mitchell – The lame progressive obsession with meaningless aggregates

Maybe the British Labour Party could get Nancy Pelosi to do some stupid tweets for them as well. She is an expert at it – see my blog – When neoliberals masquerade as progressives. She thinks it is smart progressive politics to post tweets criticising her political opponents for a policy that “explodes the deficit … dumping … debt on every man, woman & child in America”. A fallacious argument. But moreover, a very stupid strategic argument because it fails to educate the public on what...

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WSW – Google’s Eric Schmidt admits political censorship of search results

Eric Schmidt, the executive chairman of Google’s parent company, Alphabet, confirmed this weekend that the world’s largest Internet company is, in close coordination with the state, manipulating search results to censor sites critical of the US government. Responding to a question about the “manipulation of information” on the Internet during an appearance at the Halifax International Security Forum, Schmidt announced that Google is working on algorithms that will “de-rank” Russian-based...

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Michael Hudson’s “TED TALK” on Economics

Contains an excellent video of Micheal Hudson talking about his book, J is for Junk Economics, and he emphasis here how Trump was the lesser evil than Hilary. That made me laugh because when I tell my liberal friends this they look horrified. The UK Guardian recently run an article by Zoe Williams titled, Why does nobody mention that Hillary Clinton is perfectly nice? But the Guardian closed CiF after only 90 comments, probably because of the type of comments it was getting, so I didn't get...

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Thorsten Beck and Hans‐Helmut Kotz — New eBook: Ordoliberalism: A German oddity?

Free is good. German economics and, as a result, German economic policymaking, appear to be a land apart. Critics have even suggested that German policymakers and academics live in a “parallel intellectual universe”. The conflict, for example, with US economic policy pragmatism is a hardy perennial in international debates – dating back long before the most recent struggles in the G20 context. Similarly, the Eurozone crisis has opened fault lines between German economists and policymakers...

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