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On November 14, 2019, The Wincott Foundation will host an evening debate at the Financial Times to celebrate its 50th Anniversary. This special event takes the place of the usual annual Harold Wincott Memorial Lecture. The Foundation was set up in honour of Harold Wincott, who was widely regarded as the finest economic journalist of his day. Writing first in the Investors Chronicle and then, between 1950 and his...

from Lars Syll A critique yours truly sometimes encounters is that as long as I cannot come up with some own alternative to the failing mainstream theory, I shouldn’t expect people to pay attention. This is, however, to totally and utterly misunderstand the role of philosophy and methodology of economics! As John Locke wrote in An Essay Concerning Human Understanding: The Commonwealth of Learning is not at this time without Master-Builders, whose mighty Designs, in advancing the Sciences,...

I don’t know how many referee reports I’ve received over the course of my career – certainly many thousand. Some have been insightful and helpful, some have missed the point entirely, and some have been outright nasty. But I just got the nicest report I’ve ever had, and I can’t resist sharing the opening paras, with my thanks to the anonymous referee. The paper in question is my contribution to a special issue of Econometrics on the replication crisis, arguing that the crisis can...

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This is a a short unpublished commentary on the 2019 Kosovo elections for SPUTNIK KOSOVO 2019 elections Kosovo’s opposition Vetevendosje (Self-Determination) party and the Democratic League of Kosovo (LDK) are running neck-and-neck in the parliamentary election, the latest results with around 96 percent of the votes counted, show. According to the latest data from the Kosovo Central Election Commission, the Self-Determination party has 25.79 percent of the votes, while LDK has 25.05...

from David Ruccio Obscene levels of economics inequality in the United States are now so obvious they’ve become one of the main topics of public and political discourse (alongside and intertwined with two others, the climate crisis and the impeachment of Donald Trump).* Most Americans, it seems, are aware of and increasingly incensed by the grotesque and still-growing gap between a tiny group at the top—wealthy individuals and large corporations—and everyone else. And this sense of...

from Iconoclast The above discussion “The new minds of young people will be open to the new empirical evidence.” illustrates the difficulties encountered by heterodox thinkers. Orthodox thinkers share a dogma, or at least a set of a priori assumptions, and usually a methodology. In essence, this makes orthodox thinking an echo chamber where basic ontology is never questioned. When the heterodox argue, as in the economically heterodox here, the argument eventually descends (or ascends?)...

(Dan here…see previous posts VSPS get their budget deal    2015 Econospeak and Gas all boomers or at least tax and cut    2015 Econospeak  Also see Millenials and baby boomers) “ok boomer ” or “gas all boomers” Within the last week or so there seems to have been an explosion of yattering over “ok boomer.” Over the last few years in various parts of the internet there was a self-righteous meme pushing “gas all boomers.”  Yeah. This never made it to the...