economics

Created
Wed, 18/06/2025 - 07:56
Givet de omfattande behoven är det inte underligt att allt fler röster höjs för en mer expansiv finanspolitik. Det tidigare överskottsmålet, vars syfte var att skapa en buffert för kommande ekonomiska kriser, har nyligen slopats vilket frigör 20–25 miljarder kronor. Likaså har en ökad statlig upplåning redan aviserats, till exempel vad gäller kärnkraft och försvar. Risken […]
Created
Sat, 21/06/2025 - 03:45
. As always, Murphy’s video masterfully distils abstract economic concepts into clear, jargon-free explanations, making complex issues accessible to non-experts and relevant to everyday life. In so-called ‘modern’ macroeconomics—whether in the form of Dynamic Stochastic General Equilibrium (DSGE), the New Synthesis, New Classical, or ‘New Keynesian’ models — economic variables are treated as if they […]
Created
Wed, 18/06/2025 - 04:16
15th of May 2025 As John Lanchester recently remarked (LRB 27 April 2025) ‘However little money there is for anything else, there’s always enough money for a war’. The failures of neoliberal economics threaten all kinds of political backlashes, some of which have already been seen in the nationalist turn of international relations. ‘Military Keynesianism’ … Continue reading Military Keynesianism?
Created
Fri, 13/06/2025 - 18:02
Let me state my two main conclusions. First, starting from sharply different views, there has been substantial convergence, both in terms of methodology and in terms of architecture. Second, this convergence has been mostly in the right direction, allowing future research to build on the existing conceptual structure. Put strongly, macroeconomics may have a claim […]
Created
Mon, 16/06/2025 - 23:22
Behavioral models often take as a starting point a standard economic model and reinterpret the model as a description how the person thinks and feels. Next, an (often compelling) case is made that many of the assumptions are unrealistic because humans cannot perform the difficult mental tasks embodied in the formalism. The mistake or bias […]
Created
Sat, 07/06/2025 - 06:59
. As Cartwright convincingly argues, although economics produces knowledge, it is only partial — knowledge that is useful in specific contexts but not universally generalizable. Mainstream economics certainly aspires to be an exact science, but if it is to be considered as such, it only applies to the ‘small worlds’ that economists know how to […]