Page after page of professional economic journals are filled with mathematical formulas leading the reader from sets of more or less plausible but entirely arbitrary assumptions to precisely stated but irrelevant theoretical conclusions … Year after year economic theorists continue to produce scores of mathematical models and to explore in great detail their formal properties; […]
economics
Under Trump’s leadership, Washington’s reputation around the world has suffered significantly. His protectionist policies and strained ties with traditional allies have knocked confidence in the US as a stabilizing economic force. The Trump administration’s skepticism toward climate change and international institutions like the IMF and World Bank has worsened doubts about America’s commitment to global […]
Soon after the US President announced – Liberation Day tariffs – I wrote this blog post – US government is pinning its tariff hopes on some unlikely to be realised assumptions (April 7, 2025) – to help readers understand what logic there was, if any, in the decision by the American government to impose wide-ranging…
. Nationalekonomer hävdar ofta att det inte gör så mycket om de antaganden som deras modeller bygger på är realistiska eller ej. Vad som betyder något är om de prognoser som modellerna resulterar i visar sig vara riktiga eller ej. Om det verkligen är så, är den enda slutsats vi kan dra att dessa modeller […]
Lately — especially in the Moderate Party (Moderaterna) and the Liberal Party (Liberalerna) — there has been a push for the euro based on the argument that global economic uncertainties make smaller currencies like the Swedish krona more vulnerable. Facing increased volatility, the euro is said to be a safer alternative. This, however, sounds rather […]
Ja, vad ska man säga? Det är onekligen lite intressant att fyra skribenter hittar samma vinkel med bara några dagars mellanrum? Har de haft strategimöte på Timbro och Fritt näringsliv? Högern är ju i dag djupt splittrad och genomgår ett slags existentiell identitetskris. Varför inte damma av det gamla vänsterspöket? Och kanske därigenom mobilisera de […]
I ett av kapitlen diskuterar Waldenström också om en alldeles för stor förmögenhetskoncentration kan utgöra ett hot mot demokratin. Många — som sett vad exempelvis Elon Musk uträttat på sistone — skulle nog vilja hävda att hotet är påtagligt. Så icke Waldenström, som mer eller mindre viftar bort problemet och i stället hävdar att det […]
For several years now, yours truly has been teaching an introductory economics course every fall for future social studies teachers. Alongside a few of my own books, Klas Eklund’s Vår ekonomi (Our Economy) is also on the reading list. The book was released in its 16th revised edition in December 2024—an impressive feat and in itself […]
With the words ‘We simply do not know,’ Keynes describes in his General Theory what he calls ‘objective uncertainty.’ There is simply no way in which one can foresee certain events or developments because they are objectively unknown. The past does not predict the future. This constitutes a fundamental break with the dominant neoclassical worldview […]