economics

Created
Fri, 04/07/2025 - 19:21
The rational expectations hypothesis assumes—primarily for reasons of internal consistency—that agents possess complete knowledge of all relevant probability distribution functions. When attempts are made to incorporate learning into these models, often in response to longstanding criticism, it is invariably a highly constrained form of learning. This type of learning excludes the truly unexpected or surprising. […]
Created
Sat, 05/07/2025 - 18:27
Die Koalition gefährdet mit ihrem Haushalt die finanzielle Stabilität, sagt der Wirtschaftsprofessor Lars Feld, der Christian Lindner beraten hat. Jens Südekum, der Berater von Lars Klingbeil, entgegnet: Deutschland muss ins Risiko gehen. ZEIT: Das Institut für Weltwirtschaft in Kiel hat errechnet, dass die Schuldenquote bis zum Jahr 2040 auf bis zu 118 Prozent des Brutto-inlandsprodukts […]
Created
Mon, 30/06/2025 - 06:32
Mill provides a good illustration of the tension between fallibilism and anti-foundationalism​. Mill’s first principles are supposed to be empirical and not necessary truths, but for economics to be an empirical subject at all, they have to be beyond genuine doubt, since they provide the only empirical element in an otherwise deductive system. The certainty […]
Created
Mon, 23/06/2025 - 01:02
. One of the most valuable contributions of Modern Monetary Theory (MMT)—particularly from a European perspective—is how clearly it exposes the fundamental flaws of the euro experiment. The neoliberal dream of a supranational currency detached from national fiscal sovereignty simply does not align with economic or political reality. In times of crisis, a state must […]