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 […]
Created
Sun, 22/06/2025 - 18:39
The parallelism between economic laissez-faire and Darwinianism … is very close indeed. Darwin invoked sexual love, acting through sexual selection, as an adjutant to natural selection by competition, to direct evolution along lines which should be desirable as well as effective, so the individualist invokes the love of money, acting through the pursuit of profit, […]
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 […]