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description=15 posts published by Lars Syll during August 2014;

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is more powerful than the desire to understand the real world itself this fascination really does hold a kind of deranging power over economic theorists so powerful that they lose the ability to think in even minimally logical terms they fail to distinguish necessary from sufficient conditions and manage to overlook the issue of the stability of equilibria mark buchanan almost a century and a half after léon walras founded neoclassical general equilibrium theory economists still have not been able to show that markets move economies to equilibria we do know that under very restrictive assumptions equilibria do exist are unique and are pareto efficient after reading buchanan s article one however has to ask oneself what good does that do as long as we cannot show except under exceedingly special assumptions that there are convincing reasons to suppose there are forces which lead economies to equilibria the value of general equilibrium theory is negligible as long as we cannot really demonstrate that there are forces operating under reasonable relevant and at least mildly realistic conditions at moving markets to equilibria there cannot really be any sustainable reason for anyone to pay any interest or attention to this theory a stability that can only be proved by assuming santa claus conditions is of no avail most people do not believe in santa claus anymore and for good reasons santa claus is for kids and general equilibrium economists ought to grow up continuing to model a world full of agents behaving as economists often wrong but never uncertain and still not being able to show that the system under reasonable assumptions converges to equilibrium or simply assume the problem away is a gross misallocation of intellectual resources and time and then of course there is sonnenschein mantel debreu so what why should we care about sonnenschein mantel debreu because sonnenschein mantel debreu ultimately explains why new classical real business cycles dynamic stochastic general equilibrium dsge and new keynesian microfounded macromodels are such bad substitutes for real macroeconomic analysis these models try to describe and analyze complex and heterogeneous real economies with a single rational expectations robot imitation representative agent that is with something that has absolutely nothing to do with reality and worse still something that is not even amenable to the kind of general equilibrium analysis that they are thought to give a foundation for since hugo sonnenschein 1972 rolf mantel 1976 and gerard debreu 1974 unequivocally showed that there did not exist any condition by which assumptions on individuals would guarantee neither stability nor uniqueness of the equlibrium solution opting for cloned representative agents that are all identical is of course not a real solution to the fallacy of composition that the sonnenschein mantel debreu theorem points to representative agent models are as i have argued at length here rather an evasion whereby issues of distribution coordination heterogeneity everything that really defines macroeconomics are swept under the rug instead of real maturity we see that general equilibrium theory possesses only pseudo maturity for the description of the economic system mathematical economics has succeeded in constructing a formalized theoretical structure thus giving an impression of maturity but one of the main criteria of maturity namely verification has hardly been satisfied in comparison to the amount of work devoted to the construction of the abstract theory the amount of effort which has been applied up to now in checking the assumptions and statements seems inconsequential share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky pedagogikämnets kärna äntligen funnen 29 aug 2014 at 10 32 posted in theory of science methodology 1 comment i senaste numret av pedagogisk forskning i sverige 2 3 2014 ger författaren till artikeln en pedagogisk relation mellan människa och häst på väg mot en pedagogisk filosofisk utforskning av mellanrummet följande intressanta programförklaring med en posthumanistisk ansats belyser och reflekterar jag över hur både människa och häst överskrider sina varanden och hur det öppnar upp ett mellanrum med dimensioner av subjektivitet kroppslighet och ömsesidighet och så säger man att pedagogikämnet är i kris undrar varför share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky ricardo s theory of comparative advantage in 60 seconds 29 aug 2014 at 08 19 posted in economics 3 comments regeringens arbetslinje låt arbetarna betala för krisen 28 aug 2014 at 20 22 posted in economics politics society comments off on regeringens arbetslinje låt arbetarna betala för krisen poängen är alltså att sätta press på lönerna vilket anders borg trots upprepade förnekanden under sin tid som finansminister faktiskt har erkänt både en och två gånger det blir naturligtvis tufft för de arbetslösa syftet är att öka trycket att söka och acceptera jobb sa anders borg till lo tidningen hösten 2004 och på ett sns seminarium om den socialdemokratiska höstbudgeten förklarade han vad detta ökade söktryck detta ökade arbetsutbud skulle leda till i förlängningen så småningom värker sänkta ersättningsnivåer igenom systemet och det blir nya jobb eftersom lönebildningen påverkas vilket leder till lägre löner enligt en ifau studie skriven av tre nationalekonomer med lars calmfors i spetsen har effekten också blivit den avsedda lönerna har hamnat på en lägre nivå än vad de annars skulle ha gjort till följd av regeringens jobbskatteavdrag och den mindre generösa a kassan det har varit en mycket kontroversiell fråga där man inte så gärna från regeringens sida har velat säga att troliga effekter går via lönebildningen sa han till ekot sommaren 2013 och tillade att man kunde tolka studien som att lönerna har hamnat i storleksordningen 3 4 procent lägre i dag än vad de annars skulle ha varit inte obetydligt alltså men ändå inte tillräckligt för calmfors som drog slutsatsen att löneskillnaderna är för små i en artikel i dn våren 2014 att svaret på arbetslöshetsproblemet stavas lägre löner och fler låglönejobb anses snarare självklart bland de nationalekonomer som dominerat debatten sedan 90 talet om det uppstår ett utbudsöverskott det vill säga arbetslöshet beror det enligt den neoklassiska teorin helt sonika på att priset det vill säga lönen satts för högt enligt ekonomer med keynesiansk lutning som sällan får chansen att påverka jobbpolitiken nuförtiden bygger dock den här teorin på en begränsad förståelse av arbetslösheten lars pålsson syll professor i ekonomisk historia doktor i nationalekonomi och professor i samhällskunskap vid malmö högskola menar till exempel att generella lönesänkningar ökar risken för att fler jobb går förlorade om ett företag eller en delbransch lyckas få billigare arbetskraft genom att sänka lönerna ja då är det inget samhällsproblem säger han till mig problemet uppstår om lönesänkarstrategin blir allmänt förekommande för då minskar den totala efterfrågan i ekonomin och då blir arbetslösheten i slutändan ännu högre till det kommer en ökad ojämlikhet i inkomster och välfärd vilket i sig få väldigt negativa effekter på sysselsättningen hur då undrar jag ja titta bara på usa föreslår lars pålsson syll det var just mot usa som svenska nationalekonomer riktade blicken i mitten av 90 talet i en strävan att verklighetsförankra sina teorier under bill clintons presidentskap 1992 2000 föll nämligen den amerikanska arbetslösheten ner mot fyra procent vilket ansågs bero på att ersättningsnivåerna var lägre löneskillnaderna större och låglönejobben fler i sverige och resten av europa hade däremot massarbetslösheten permanentats med usa som ideal sågade nationalekonomins nestor assar lindbeck den svenska modellen i ekonomisk debatt 1996 generösa bidrag hade skapat speciella arbetslöshetskulturer och försvagat arbetslöshetens dämpande effekt på löneökningstakten vilket begränsar efterfrågan på arbetskraft skrev han lindbeck föreslog ett åtgärdspaket för att amerikanisera sverige fler jobb i privat servicesektor framdrivna genom sänkta arbetsgivaravgifter för lågproduktiva löntagare och subventioner av hushållstjänster men också mer hårdhänta metoder som flexiblare relativlöner mindre generösa arbetslöshetsunderstöd och en urholkad lagstiftning om anställningstrygghet så skulle landet komma på fötter nationalekonomernas vurm för usa har dock försvunnit på senare år vilket kanske inte är så konstigt det ekonomiska under som tycktes bekräfta att vägen till full sysselsättning gick genom sänkt skatt bantade socialförsäkringar och fler låglönejobb var i mångt och mycket ett luftslott den amerikanska tillväxten visade det sig byggde mest på en svällande kreditbubbla som sprack i mitten av 00 talet och den lönespridning som sades vara bra för ekonomin bäddade istället för en finanskris då arbetarna skuldsatte sig allt mer i ett försök att kompensera de dalande lönerna kent werne keynes and the stockholm school 27 aug 2014 at 18 40 posted in economics 1 comment the stockholm method seems to me exactly the right way to explain business cycle downturns in normal times there is a rough certainly not perfect but good enough correspondence of expectations among agents that correspondence of expectations implies that the individual plans contingent on those expectations will be more or less compatible with one another surprises happen here and there people are disappointed and regret past decisions but on the whole they are able to adjust as needed to muddle through there is usually enough flexibility in a system to allow most people to adjust their plans in response to unforeseen circumstances so that the disappointment of some expectations doesn t become contagious causing a systemic crisis but when there is some sort of major shock and it can only be a shock if it is unforeseen the system may not be able to adjust instead the disappointment of expectations becomes contagious if my customers aren t able to sell their products i may not be able to sell mine expectations are like networks if there is a breakdown at some point in the network the whole network may collapse or malfunction because expectations and plans fit together in interlocking networks it is possible that even a disturbance at one point in the network can cascade over an increasingly wide group of agents leading to something like a system wide breakdown a financial crisis or a depression but the problem with the stockholm method was that it was open ended it could offer only a wide variety of model sequences without specifying a determinate solution it was just this gap in the stockholm approach that keynes was able to fill he provided a determinate equilibrium the limit to which the stockholm model sequences would move rather than the time path they follow to get there a messy but insightful approach to explaining the phenomenon of downward spirals in economic activity coupled with rising unemployment was cast aside in favor of the neater simpler approach of keynes unfortunately that is still the case today open ended models of the sort that the stockholm school tried to develop still cannot compete with the rbc and dsge models that have displaced is lm and now dominate modern macroeconomics the basic idea that modern economies form networks and that networks have properties that are not reducible to just the nodes forming them has yet to penetrate the trained intuition of modern macroeconomists otherwise how would it have been possible to imagine that a macroeconomic model could consist of a single representative agent and just because modern macroeconomists have expanded their models to include more than a single representative agent doesn t mean that the intellectual gap evidenced by the introduction of representative agent models into macroeconomic discourse has been closed uneasy money share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky how to prove labour market discrimination 27 aug 2014 at 11 40 posted in theory of science methodology 1 comment a 2005 governmental inquiry led to a trial period involving anonymous job applications in seven public sector workplaces during 2007 in doing so the public sector aims to improve the recruitment process and to increase the ethnic diversity among its workforce there is evidence to show that gender and ethnicity have an influence in the hiring process although this is considered as discrimination by current legislation the process of depersonalising job applications is to make these applications anonymous in the case of the gothenburg trial certain information about the applicant such as name sex country of origin or other identifiable traits of ethnicity and gender is hidden during the first phase of the job application procedure the recruiting managers therefore do not see the full content of applications when deciding on whom to invite for interview once a candidate has been selected for interview this information can then be seen the trial involving job applications of this nature in the city of gothenburg is so far the most extensive in sweden for this reason the institute for labour market policy evaluation ifau has carried out an evaluation of the impact of anonymous job applications in gothenburg the data used in the ifau study derive from three districts in gothenburg information on the 3 529 job applicants and a total of 109 positions were collected from all three districts a difference in difference model was used to test the findings and to estimate the effects in the outcome variables whether a difference emerges regarding an invitation to interview and job offers in relation to gender and ethnicity in the case of anonymous job applications compared with traditional application procedures for job openings where anonymous job applications were applied the ifau study reveals that gender and the ethnic origin of the applicant do not affect the probability of being invited for interview as would be expected from previous research these factors do have an impact when compared with recruitment processes using traditional application procedures where all the information on the applicant such as name sex country of origin or other identifiable traits of ethnicity and gender is visible during the first phase of the hiring process as a result anonymous applications are estimated to increase the probability of being interviewed regardless of gender and ethnic origin showing an increase of about 8 for both non western migrant workers and women paul andersson ewco mainstream economists gung ho supporters of neoliberal globalization 26 aug 2014 at 22 06 posted in economics comments off on mainstream economists gung ho supporters of neoliberal globalization another obstr...
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