economics

En vanlig missuppfattning när det gäller oönskad variabilitet i bedömningar är att det inte spelar någon roll eftersom slumpfel tar ut varandra. Det stämmer att positiva och negativa fel i en bedömning av samma fall mer eller mindre tar ut varandra och vi kommer att diskutera mer i detalj hur denna omständighet kan utnyttjas för […]

Sad news has reached us today. One of the leading Post Keynesian economists, Victoria Chick, passed away yesterday at the age of 86. R.I.P.

. A science that doesn’t self-reflect on its own history and asks important methodological and science-theoretical questions about its own activity is in dire straits. Already back in 1991, a commission chaired by Anne Krueger and including people like Kenneth Arrow, Edward Leamer, and Joseph Stiglitz, reported from their own experience “that it is an […]

This is the clear result of the enormous increase in property prices – driven largely by the banks’ desire for profit. A mortgage that was limited to about three times annual income in the 1990s is now frequently and remarkably seven times annual income. No wonder one in forty mortgagees are in arrears – a... Read more

The Republicans in the US House of Representatives took a long time to agree on a Speaker last week. But having done so, they got
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The Guardian has reported a speech by Bank of England chief economist Huw Pill, given in New York yesterday. In the speech, Pill said that
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