Mainstream (neoclassical) economics has always put a strong emphasis on the positivist conception of the discipline, characterizing economists and their views as objective, unbiased, and non-ideological … Acknowledging that ideology resides quite comfortably in our economics departments would have huge intellectual implications, both theoretical and practical. In spite (or because?) of that, the matter has […]
economics
The story behind Fiat Socialism By Carlos García Hernández “It’s not three, it’s four” – I remember distinctly when I had that thought. Intuition hit me. I was writing A …
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When Angus Deaton arrived in the US four decades ago, he imagined he had something to say about economic inequality and how to tackle it that Americans might want to hear. Instead, the great economic minds of the time told him to shut up … As Deaton describes in his unsparing new book, Economics in […]
We do not instruct our students well in the art of crafting papers, possibly because there are so many idiosyncratic elements. Editing or refereeing manuscripts teaches us what distinguishes a well-crafted paper from an ordinary one. We should take on these chores not only because they are public services but also because they are the […]
With any phenomenon of interest, understanding its nature or essential properties allows us to relate to, or interact with, it in more knowledgeable and competent ways than would otherwise be the case … A surprising number of social theorists, when embarking on substantive analyses, pay almost no attention at all to insights bearing on the […]
Är nationalekonomi vetenskapligt baserad kunskap? Kan man förutspå hur enskilda individer eller hela samhällen kommer att agera ekonomiskt? Till exempel om miljonbonusar gör toppchefer mer lojala mot de företag som anställt dom? Kan ekonomiska analytiker verkligen se in i framtiden och förutspå kommande kriser? Eller handlar ekonomernas prognoser mer om en kvalificerad gissningslek? Yours truly […]
Vem det är — och varför han är det — kan du läsa om i den här artikeln av yours truly i Magasinet Konkret.
Back in 1991, when yours truly earned his first PhD with a dissertation on decision making and rationality in social choice theory and game theory, I concluded that “repeatedly it seems as though mathematical tractability and elegance — rather than realism and relevance — have been the most applied guidelines for the behavioural assumptions being […]
I read an article in the Financial Times earlier this week (September 23, 2023) – How do we raise trillions of dollars to fight the climate crisis? The answer is staring us in the face – which was written by former British Prime Minister and Chancellor Gordon Brown. The article is really just a promotion…
Svenska hushåll är idag högt skuldsatta och på senare år har hushållens skulder ökat snabbare än både BNP och de disponibla inkomsterna. Orsakerna är främst en lång period med historiskt låga räntor och stigande bostadspriser. Hushållens skulder består till övervägande delen av bolån. Det genomsnittliga kvadratmeterpriset på bostadsrätter i Sverige har under de senaste 25 […]