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That’s the headline for a recent article I wrote for The Conversation. I meant to post it earlier, but didn’t get to it. Now that Trump is gone, there’s near-unanimous international support for border adjustments. But our government thinks it can bluster its way past the problem, as it does on domestic issues. And if Labor has any ideas on the issue, I haven’t heard about them. Share this:Like this:Like Loading...

from Lars Syll Vielleicht ist diese Grundperspektive der radikalen Trennung von Form und Gehalt hilfreich, einige zunächst überaus paradoxe Äußerungen von Lucas etwas zu erhellen. Erinnert man sich der Forderungen von Lucas, die Makroökonomik zwingend auf Basis der klassischen Postulate, die Lucas und Sargent (1978) als (a) „Markträumung“ und (b) „Eigennutz“ umrissen hatten, zu errichten, so erstaunt man doch angesichts Passagen wie der folgenden: “In recent years, the meaning of the...

from Dean Baker As the vaccination campaign picks up steam, we have many public health experts warning us about a possible resurgence of the pandemic due to the spread of new vaccine-resistant strains. The logic is that, as more people are protected against the predominant strain for which the vaccines were designed, it will allow room for mutations to spread, for which the current vaccines may not be effective. This can leave us in a whack-a-mole situation, where we have to constantly...

Tags: open thread

from Peter Radford There is something truly odd about any economist who lives wholly in the world of equilibrium.  Truly odd.  Just think of what they have to assume to get there: The first step is to make sure the problem they are tackling is well defined.  Really well defined.  Without ambiguous objects lurking in dark corners.  The problem must be well lit and sanitized of any potential taint.  And it mustn’t be connected to anything that might, under some circumstance or another,...

from Lars Syll Statistician Andrew Gelman has an interesting blogpost up on what inference in science really means: I like Don Rubin’s take on this, which is that if you want to go from association to causation, state very clearly what the assumptions are for this step to work. The clear statement of these assumptions can be helpful in moving forward … Another way to say this is that all inference is about generalizing from sample to population, to predicting the outcomes of hypothetical...

My submission on the Morrison government’s misconceived energy strategy Share this:Like this:Like Loading...

This conference is open for submissions SUBMIT YOUR PAPER Aims of the conference The advent of the global Covid-19 crisis created new challenges for businesses, workers, and policymakers. Their outcomes have transforming implications for all countries, industries, businesses of all sizes, and societies. The Covid-19 twin economic and health crises call for a deep reflection on the forces that will shape the future of the global economy. In fact the outbreak of Covid-19 and the...

From the AFEE (Association for Evolutionary Economics): February 24, 2021 Subject: An Open Letter Regarding a Proposal to Dismiss 145 Faculty Members at the University of Leicester We are shocked to hear that 145 staff members have been placed at risk of compulsory redundancy at the University of Leicester.  In particular, 16 people within the School of Business...

Mavroudeas S. (2020), ‘The changing notions of Political Economy in Greece till the beginning of the 21st century’, Florya Chronicles of Political Economy Vol.6 No.2 Abstract ABSTRACT This paper surveys the changing notions ascribed to the term ‘Political Economy’ in Greece from the beginning of the Greek economics till the beginning of the 21st century. It relates them to the evolution of economic thought in Greece and the turbulent course of Greek capitalism. It argues...