Tag Archives: Economics

Was uns Marx heute noch zu sagen hat  [embedded content] Advertisements

 [embedded content] As always a pleasure listening to this great and sympathetic economist! Advertisements

Paul Krugman has often been criticized by people like yours truly for getting things pretty wrong on the economics of John Maynard Keynes. When Krugman has responded to the critique, by himself rather gratuitously portrayed as about “What Keynes Really Meant,” the overall conclusion is — “Krugman Doesn’t Care.” Responding to an earlier post of mine questioning his IS-LM-Keynesianism, Krugman write: Surely we don’t want to do economics via textual analysis of the masters. The...

People having bad luck when trying to think A couple of years ago Andrew Lilico wrote an article in The Telegraph arguing that good economists almost always are — mirabile dictu — right: Lord Turner wrote two reports creating important government policies based on his claim that people are often irrational — his pension review of 2005 and his report on the financial crisis in 2009. Indeed, in his famous Turner Review of the financial crisis as chairman of...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. Chris found this above, (from a 2016 post) anthropologist Jennifer Esperanza got annoyed at how her field’s textbooks always had exotic cover images, when anthropology is really the study of all humanity. “‘Why can’t there be images of, for example, a group of white American women eating salads, on the cover?,’ she asked.” Dori Tunstall and Julie Hill took up the challenge of putting white people on the covers of anthro...

Globalization is not a win-win!  [embedded content] Advertisements

 [embedded content] In memory of Kristina, beloved wife and mother of David and Tora. Today, twenty-five years ago, the unthinkable happened. People say that time heals all wounds. I wish that was true. Advertisements

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Oh dear, oh dear, Krugman gets it so wrong, so wrong Economics is a science of thinking in terms of models joined to the art of choosing models which are relevant to the contemporary world. It is compelled to be this, because, unlike the typical natural science, the material to which it is applied is, in too many respects, not homogeneous through time. The object of a model is to segregate the semi-permanent or relatively constant factors from those which...

Finanspolitiska rådet överlämnade idag sin årliga rapport till regeringen. Man konstaterar att svensk ekonomi går bra och att det därför är läga att strama åt statsfinanserna … – Finanspolitiken kan inte anses vara väl avvägd i förhållande till konjunkturen, säger Harry Flam som är ordförande för finanspolitiska rådet. De menar att den expansiva finanspolitiken ökar risken för överhettning i ekonomin och tär på beredskapen att stabilisera nästa konjunkturnedgång … Rådet slår...