Oppositionen har riktat hård kritik mot regeringens budget, mycket av den befogad. Att två tredjedelar av reformutrymmet på 80 miljarder går till skattesänkningar i stället för välfärd, klimat, infrastruktur eller arbetsmarknad går verkligen att ifrågasätta. Bara två procent av svenska folket tycker att det är en lämplig användning av pengarna … Det finns all anledning […]
economics
by C.R.Yadu and Sahil Mehra* Within the discourse of Development Economics, the most widely accepted theory is that of ‘structural transformation’ (ST), which posits that, over time, non-agricultural, high productivity, and capitalist sectors will gain greater significance in terms of both national income and employment, while the role of agricultural, low productivity, and non capitalist […]
Jamie Morgan: To a member of the public it must seem weird that it is possible to state, as you do, such fundamental criticism of an entire field of study. The perplexing issue from a third party point of view is how do we reconcile good intention (or at least legitimate sense of self as […]
The stability problem in Sraffian economics is the question: will an excess rate of profit in an industry automatically result in a self-correcting adjustment, driving the excess rate of profit in that industry down to the uniform rate in the economy? No, not necessarily, argues Ian Steedman (1984), a writer deeply sympathetic to the Sraffian […]
The purported strength of New Classical macroeconomics lies in its firm anchorage in preference-based microeconomics, particularly the decisions made by inter-temporal utility-maximising, ‘forward-looking’ individuals. To some, however, this strength has come at too high a price. The quasi-religious insistence that macroeconomics must have microfoundations — without providing ontological or epistemological justification for this requirement — […]
First economic: The US dollar is down 5% over the last six months against a basket of currencies. And over the past year, it’s lost 9.6%. The biggest winner against a dollar has been the euro which has gone up 13% however, which truly is a win for Europe because it makes their natural gas […]
Enligt färsk statistik från SCB fortsätter arbetslösheten i Sverige att stiga från en redan hög nivå och uppgår nu till nästan nio procent. Detta borde vara en tydlig signal om hur illa den ekonomiska politiken fungerar i dag. Trots detta lyser diskussionerna om den oacceptabelt höga arbetslösheten nästan helt med sin frånvaro i medierna. Med […]
No, there is nothing wrong with mathematics itself. No, there is nothing wrong with applying mathematics to economics. Mathematics is a valuable tool — one among several — for understanding and explaining economic phenomena. What is wrong, however, is the naïve belief that: math is the only valid tool math is universally and self-evidently applicable […]
What are the causes of secular stagnation? What are the solutions to revive growth and get the U.S. economy out of the doldrums? … One headline conclusion stands out: the secular stagnation is caused by a heavy overdose of savings … All these savings end up as deposits, or ‘loanable funds’ (LF), in commercial banks […]
. Now, Reagan certainly was no authority when it came to economics, but in this case, I think Trump could have learned a thing or two from him …