economics

Little in the discipline has changed in the wake of the crisis. Mirowski thinks that this is at least in part a result of the impotence of the loyal opposition — those economists such as Joseph Stiglitz or Paul Krugman who attempt to oppose the more viciously neoliberal articulations of economic theory from within the […]

Although somewhat critical of its reductive elements, Foucault found certain attractive features in the ideal or programmatic form imagined by American neoliberalism, namely, that it envisages a kind of regulation outside sovereign, disciplinary, and biopolitical forms, that it regulates without the fabrication of subjectivities and in a manner that optimizes difference and tolerates minority groups […]

Få frågor inom politik och ekonomi diskuteras nu för tiden så mycket — och förstås så lite — som offentlig skuld. Många höjer sina röster och uppmanar till att minska skulden, men få förklarar varför och på vilket sätt en minskning av skulden skulle främja en bättre ekonomi eller ett rättvisare samhälle. Dessutom finns det […]

At the beginning of the year 2000, a book titled Irrational Exuberance was published. The American economics professor and Nobel laureate Robert Shiller warned that the extensive deregulation in the financial market that had taken place since the Thatcher-Reagan era had led to a rapid credit expansion. Banks and financial institutions saw a skyrocketing increase […]

Regular readers will know that I have spent quite a lot of time reading the literature in social psychology trying to understand how groups of scholars become crippled with the patterned behaviour that Irving Janis identified as Groupthink in his ground breaking study published in 1972. I feel that my own profession is dominated by…

Paul Krugman has repeatedly over the years argued that we should continue to use mainstream economics hobby horses like IS-LM and AS-AD models. Here’s one example: So why do AS-AD? … We do want, somewhere along the way, to get across the notion of the self-correcting economy, the notion that in the long run, we […]

Stephanie Kelton har blivit en fixstjärna för vänstern och kritiker till gängse nationalekonomisk teori. I helgen besökte hon Stockholm. Hon är kritisk till hur inflationen bekämpas: ”Räntehöjningar är ett väldigt trubbigt verktyg” … Kelton besöker Stockholm mitt under en internationell inflationskris. Första frågan till henne under intervjun ett par timmar före hennes medverkan på konferensen blir […]

We are all realists and we all — Mäki, Cartwright, and I — self-consciously present ourselves as such. The most obvious research-guiding commonality, perhaps, is that we do all look at the ontological presuppositions of economics or economists. Where we part company, I believe, is that I want to go much further. I guess I […]

Economic theory, like anthropology, ‘works’ by studying societies which are in some relevant sense simpler or more primitive than our own, in the hope either that relations that are important but hidden in our society will be laid bare in simpler ones, or that concrete evidence can be discovered for possibilities which are open to […]

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