To yours truly, the real value of Appelbaum’s meticulously researched history of how economists have come to increasingly influence public policies in modern societies, is that it shows how fundamentally ideological economics is. Of course, you never hear anyone at our seminars telling the lecturer that the assumptions on which his models are built are […]
economics
One of the most important tasks of social sciences is to explain the events, processes, and structures that take place and act in society. Explanations are important within science since the choice between different theories hinges in large part on their explanatory powers. The most reasonable explanation for one theory’s having greater explanatory power than […]
I have been travelling for most of today so I have to keep this post short. Well shorter than usual. Edward Palmer Thompson – who died at the age of 69 in 1993, was a British writer who wrote the exceptional book – The Making of the English Working Class – which was a very…
Egentligen är det märkligt att den ekonomiska mainstreamteorins företrädare inget verkar vilja lära av historien och åter under senaste tiden stått tämligen handfallna inför den nuvarande ekonomiska krisens härjningar runtom i världen. Speciellt erfarenheterna av den stora depressionen under mellankrigstiden borde annars vara lärorika. Att den neoklassiska ekonomiska teorin stod handfallen när denna bröt ut […]
. Mainstream economists have always wanted to use their hammer, and so have decided to pretend that the world looks like a nail. Pretending that uncertainty can be reduced to risk and that all activities, relations, processes, and events can be adequately converted to pure numbers, have only contributed to making economics irrelevant and powerless […]
Mainstream economics has sadly made economics increasingly irrelevant to the understanding of the real world. Trying to contribute to making economics a more realistic and relevant science, yours truly launched this blog in 2011. Now, thirteen years later and with millions of page views yours truly is — together with people like e.g. Paul Krugman, […]
We certainly agree that regularities or models that explain or that give heuristic value over many different cases are highly desirable. But ones that do neither are not — especially if they use up huge resources along the way. When looking at the details, the Prisoner’s Dilemma’s explanatory record so far is poor and its […]
Många mainstreamekonomer medger att det är svårt att exakt veta var jämviktsarbetslösheten — NAIRU — ligger, men att den kan fungera som en slags ”tankeram” som kan hjälpa politiker och andra policymakare att fatta beslut och göra prognoser … Bra tankeram? Nej! Som senare tids forskning övertygande visat är NAIRU snarare att se som en […]
. . Lars Pålsson Syll, doktor i både nationalekonomi och ekonomisk historia och professor vid Malmö universitet gästar Starta pressarna för att prata om nationalekonomins brister. I stället för att studera hur världen faktiskt ser ut stirrar den sig blind på verklighetsfrånvända modeller. Han är mycket kritisk till den rådande neoklassiska doktrinen och menar att […]