Meta tags:
description= 15 posts published by Lars Syll during October 2012;
Headings (most frequently used words):
and, the, all, of, time, wonkish, is, lm, to, economics, smart, recent, comments, lars, syll, arrow, importance, averages, non, ergodicity, economists, people, being, paid, for, telling, stories, justifying, inequality, why, still, isn, good, enough, economic, myths, that, destroy, our, society, democracy, you, ever, wanted, know, about, modern, monetary, theory, neoclassical, visionless, trying, escape, responsibility, vinst, den, skattefinansierade, välfärdssektorns, dödgrävare, saving, doesn, finance, investment, chicago, professor, steven, levitt, not, so, after, trickle, down, paul, krugman, organ, grinder, ramberg, visade, upp, facklig, vinstförespråkare, sin, torftighet, econometrics, with, gretl, vinstförslag, ytterligare, ett, raden, av, politiska, självmål, posts, policy, reading, list, categories, archives,
Text of the page (most frequently used words):
the (367), and (129), that (127), not (59), new (57), but (53), for (51), share (45), opens (45), window (45), och (42), are (40), this (39), have (38), time (37), att (36), you (33), has (33), more (32), oct (31), economics (30), with (30), what (30), bluesky (30), facebook (30), 2012 (28), may (27), would (27), #investment (27), will (26), money (25), which (25), all (24), from (24), there (21), one (21), when (21), their (21), som (20), average (20), det (19), can (19), just (18), they (18), comments (17), why (17), about (17), consumption (17), mar (16), apr (16), jun (16), jan (16), inte (16), posted (16), för (16), interest (16), than (16), because (16), economic (16), jul (15), aug (15), sep (15), nov (15), dec (15), feb (15), har (15), savings (15), averages (15), lönebildning (14), arbetslöshet (14), also (14), theory (13), ett (13), med (13), rate (13), been (13), economy (13), any (13), ensemble (13), lars (12), 2011 (12), 2013 (12), 2014 (12), 2015 (12), 2016 (12), 2017 (12), 2018 (12), 2019 (12), 2020 (12), 2021 (12), 2022 (12), 2023 (12), 2024 (12), 2025 (12), only (12), does (12), till (12), could (12), saving (12), income (12), our (12), econometrics (11), like (11), den (11), between (11), where (11), was (11), should (11), many (11), people (11), demand (11), firms (11), being (10), think (10), still (10), don (10), economists (10), risk (10), policy (9), model (9), even (9), his (9), well (9), future (9), equilibrium (9), cannot (9), expected (9), some (9), market (9), important (9), difference (9), output (9), then (9), universe (9), education (8), how (8), ska (8), here (8), men (8), keynes (8), financial (8), really (8), better (8), such (8), who (8), might (8), world (8), markets (8), bank (8), kan (8), monetary (8), rates (8), capital (8), increase (8), now (7), other (7), statistics (7), society (7), same (7), gretl (7), another (7), know (7), enough (7), much (7), them (7), two (7), way (7), very (7), crisis (7), most (7), back (7), real (7), make (7), levitt (7), vote (7), right (7), person (7), present (7), neoclassical (7), vision (7), less (7), inequality (7), top (7), rich (7), comment (6), 2026 (6), nothing (6), jag (6), without (6), its (6), after (6), sense (6), fact (6), problem (6), since (6), greater (6), these (6), modern (6), mean (6), probability (6), individual (6), hold (6), different (6), system (6), problems (6), consumers (6), those (6), return (6), outcomes (6), billion (6), coin (6), utility (6), parallel (6), gamble (6), politics (5), fred (5), recent (5), professor (5), värden (5), vill (5), skolan (5), called (5), paid (5), article (5), analysis (5), down (5), must (5), instead (5), however (5), using (5), case (5), good (5), profession (5), great (5), history (5), events (5), put (5), says (5), low (5), smart (5), act (5), wealth (5), over (5), buy (5), förslaget (5), government (5), distribution (5), decades (5), economies (5), fall (5), assume (5), central (5), goods (5), asset (5), giving (5), percent (5), terms (5), assets (5), assuming (5), required (4), view (4), log (4), syll (4), full (4), efter (4), socialdemokraterna (4), roll (4), lotta (4), marknad (4), inom (4), här (4), adkins (4), shows (4), man (4), skattefinansierade (4), vinstdrivande (4), attention (4), use (4), methods (4), say (4), economist (4), ask (4), get (4), rather (4), krugman (4), finance (4), yet (4), clear (4), thinking (4), year (4), mainstream (4), off (4), decisive (4), doesn (4), million (4), live (4), election (4), actually (4), desire (4), idea (4), thing (4), investments (4), means (4), hävdat (4), alla (4), nationella (4), kvalitetslagar (4), välfärden (4), marknadens (4), while (4), capitalism (4), need (4), look (4), textbook (4), take (4), let (4), total (4), inventories (4), did (4), falls (4), cost (4), period (4), large (4), american (4), 100 (4), excessive (4), leverage (4), taking (4), toss (4), basically (4), fraction (4), non (4), arrow (4), 150 (4), six (4), collapse (3), follow (3), democracy (3), research (3), stuff (3), klart (3), måste (3), från (3), också (3), segregation (3), skola (3), vinst (3), detta (3), frihet (3), tydligt (3), går (3), edholm (3), ordförande (3), sin (3), manual (3), spend (3), version (3), today (3), doing (3), free (3), omsorg (3), nordström (3), företag (3), aldrig (3), ramberg (3), tyvärr (3), post (3), keynesian (3), later (3), long (3), out (3), becomes (3), into (3), before (3), particular (3), kind (3), applied (3), himself (3), him (3), each (3), course (3), macroeconomics (3), taught (3), textbooks (3), half (3), paul (3), call (3), chicago (3), notion (3), institutions (3), were (3), efficient (3), investing (3), done (3), conference (3), example (3), rational (3), interesting (3), trickle (3), point (3), wants (3), worth (3), making (3), never (3), presidential (3), decide (3), ago (3), specific (3), additional (3), value (3), almost (3), increased (3), increasing (3), order (3), indeed (3), preparing (3), decision (3), save (3), employment (3), consume (3), dinner (3), day (3), hence (3), medborgare (3), vad (3), när (3), funktion (3), marknaden (3), depression (3), things (3), keynesianism (3), around (3), loss (3), had (3), small (3), seems (3), authorities (3), eventually (3), classical (3), wrong (3), first (3), supply (3), having (3), gone (3), lower (3), incomes (3), started (3), rises (3), functions (3), myths (3), goes (3), regulations (3), grew (3), growth (3), middle (3), gains (3), wealthy (3), job (3), jobs (3), romney (3), made (3), america (3), often (3), returns (3), stories (3), few (3), natural (3), level (3), relevant (3), price (3), isn (3), students (3), wonkish (3), increases (3), possible (3), lost (3), telling (3), risks (3), ergodic (3), tossing (3), perspective (3), ergodicity (3), stake (3), independent (3), sign (2), subscribed (2), subscribe (2), wordpress (2), com (2), account (2), blog (2), varia (2), science (2), school (2), reading (2), arbetslösheten (2), arbetslöshetsiffran (2), styr (2), especially (2), language (2), links (2), please (2), guarantee (2), sverige (2), credibility (2), paradox (2), viktigt (2), gör (2), bära (2), samhälle (2), demokrati (2), idag (2), bara (2), utan (2), kommersiella (2), skolmarknaden (2), menar (2), sedan (2), bakom (2), motion (2), centrala (2), jämlikhet (2), allra (2), behöver (2), mellan (2), skolor (2), var (2), finns (2), lena (2), sommestad (2), program (2), advanced (2), earlier (2), versions (2), thanks (2), teaching (2), torftighet (2), hört (2), facklig (2), vinstintressen (2), bolag (2), vård (2), istället (2), ställa (2), intet (2), hade (2), komma (2), 1980 (2), john (2), weakness (2), aware (2), general (2), term (2), figure (2), own (2), diagram (2), position (2), single (2), implies (2), borrow (2), security (2), offered (2), soon (2), questions (2), arises (2), hard (2), looking (2), considering (2), change (2), everything (2), regarded (2), reached (2), anything (2), manner (2), want (2), tell (2), try (2), divergences (2), theoretical (2), explain (2), entitled (2), overlook (2), believe (2), endless (2), davies (2), missed (2), useful (2), turned (2), organ (2), grinder (2), defense (2), evidence (2), set (2), context (2), role (2), modest (2), based (2), approach (2), predicted (2), george (2), behind (2), institute (2), tried (2), under (2), themselves (2), explaining (2), assumed (2), lot (2), whether (2), impossible (2), argue (2), matter (2), wins (2), given (2), apart (2), issues (2), countries (2), argument (2), chance (2), writes (2), cast (2), possibly (2), zero (2), steven (2), therefore (2), substitution (2), equal (2), unspecified (2), fallacy (2), conclusion (2), provide (2), production (2), current (2), promoted (2), diminished (2), merely (2), placing (2), effect (2), expectation (2), actual (2), forward (2), thus (2), specified (2), date (2), business (2), net (2), denna (2), analys (2), frågan (2), socialdemokratiska (2), val (2), valfrihet (2), idén (2), lika (2), mål (2), effektiv (2), rätt (2), välja (2), vinstbegränsning (2), bärs (2), ordning (2), reda (2), staten (2), bör (2), behandla (2), princip (2), händer (2), andra (2), åtgärder (2), syftar (2), tillträde (2), får (2), förbättra (2), saknar (2), sidan (2), vinstuttag (2), partistyrelsen (2), land (2), välfärdssektorns (2), dödgrävare (2), extensive (2), led (2), alternative (2), academic (2), friedman (2), found (2), century (2), main (2), task (2), constant (2), imagination (2), war (2), shown (2), dealing (2), systemic (2), crises (2), times (2), piece (2), escape (2), equals (2), common (2), bit (2), reason (2), work (2), happening (2), nominal (2), maybe (2), ensure (2), encourage (2), sell (2), difficult (2), happen (2), focus (2), short (2), extra (2), happens (2), fixed (2), perhaps (2), key (2), lots (2), keep (2), falling (2), realistic (2), stays (2), story (2), inventory (2), accumulation (2), national (2), thought (2), end (2), reasons (2), reducing (2), fallen (2), aggregate (2), identity (2), initial (2), stop (2), process (2), further (2), situation (2), expenditure (2), simple (2), includes (2), stockbuilding (2), wanted (2), measured (2), imply (2), understanding (2), little (2), conventional (2), going (2), elsewhere (2), self (2), mistake (2), everyone (2), class (2), offset (2), weak (2), creators (2), didn (2), private (2), sector (2), bush (2), fund (2), leads (2), gives (2), innovations (2), see (2), high (2), trust (2), through (2), united (2), states (2), rising (2), median (2), various (2), opportunity (2), life (2), dependent (2), data (2), upward (2), mobility (2), talking (2), carlin (2), soskice (2), move (2), lead (2), stochastic (2), likelihood (2), seen (2), bet (2), years (2), knowing (2), comes (2), trillion (2), according (2), barriers (2), studies (2), trade (2), physicians (2), considerations (2), show (2), bankruptcy (2), investor (2), describe (2), number (2), valuation (2), correct (2), certain (2), decisions (2), always (2), thinks (2), calculated (2), reward (2), envision (2), universes (2), importance (2), processes (2), fair (2), pay (2), arithmetic (2), geometric (2), probably (2), arrest (2), once (2), imagining (2), accept (2), fortiori (2), concepts (2), website, name, email, write, loading, bar, manage, subscriptions, site, reader, report, content, privacy, already, join, 606, subscribers, feeds, entries, 112, archives, 707, 542, methodology, 998, 390, 301, 168, categories, list, fredtorssander, wiklund, torssander, netiquette, anonymous, ones, pseudo, argumentations, abusive, irrelevant, remember, leaves, limited, respond, outperforms, dictatorship, reification, randomisation, nancy, cartwright, contributions, philosophy, randomness, representativeness, credible, revolution, statsskulden, problemet, välförtjänt, bottenrekord, audioholic, summer, stein, lesson, precision, unbiasedness, love, secret, finding, late, student, studenten, personal, ekonomiska, politiken, posts, next, page, vilka, vårt, skolpolitiken, formar, framtiden, stark, jämlika, livschanser, vinstintressena, bort, skiktas, samhället, klasslinjer, etnicitet, forskning, visat, hur, resulterar, ökad, etniska, linjer, hög, tid, strid, svensk, par, veckor, ställde, sig, uppsala, arbetarekommun, socialdemokraternas, partikongress, kravet, längre, accepteras, övergripande, målet, skolverksamhet, argumentet, skolans, präglat, tankens, verkligheten, talar, språk, kommersialiserade, sviker, elever, bäst, dagens, presenteras, förödande, resultaten, edholms, skolpolitik, skillnaderna, skolorna, växer, sämst, fattiga, områden, stockholm, papperstidningen, ställs, svars, rätta, min, fråga, gånger, vilket, pris, snart, två, februari, debatterade, stockholms, skolmarknad, skolborgarrådet, agenda, hävdade, skapade, sämre, skolresultat, synd, partiledningen, lyssnar, klokt, folk, egna, leden, kvinnornas, skrev, nyligen, principiellt, viktig, intressant, blogg, artikel, vinstförslag, ytterligare, raden, politiska, självmål, ahead, promise, fun, downloadd, tasks, expensive, commercial, programs, 041, hill, griffith, lim, 4th, power, scripting, material, monte, carlo, simulation, loop, constructions, etc, certainly, users, amply, increadibly, easy, operate, hansl, principles, lee, access, perfect, tool, best, totally, riccardo, lucchetti, allin, cottrell, lyssna, njuta, intervjun, naknare, sällan, ledande, förespråkare, välfärdsföretag, annars, gyllene, tillfälle, tala, kommunal, undanröja, möjligheterna, verka, blev, svajade, vanligt, enligt, finnas, kvar, nämnda, sektorer, stället, fortsätta, större, krav, företagen, förr, löst, förpliktigande, tal, varit, bättre, fackordföranden, deklarerat, hör, hemma, svenskt, välfärdssamhälle, undantag, dem, lät, han, kommunals, undan, vanliga, undanglidningsmanövrerna, fått, vittring, släppte, bytet, annelie, ekots, lördagsintervju, tomas, landet, fullt, slöa, slappa, lata, loja, journalister, visade, upp, vinstförespråkare, explanation, journal, hicks, fully, shares, itself, known, developments, excessively, presentation, presumably, represented, taken, peg, appeared, occupy, link, industrial, sectors, borrower, likes, charged, attends, intermediation, apparent, dichotomy, curves, pressed, too, turns, toward, past, suspect, prescribe, least, possibility, changed, remain, approximately, existing, hoped, somehow, settle, necessarily, stage, accordingly, conclude, usefully, survives, classroom, gadget, superseded, something, application, causal, drastic, inappropriate, deliberately, interpreted, concept, used, stringent, pedantic, uses, committing, appear, ridiculous, assure, reality, quite, prepared, cases, issue, needs, faced, starting, tired, tirades, splendour, hicksian, invention, read, starter, magic, silver, bullet, old, truth, basic, makers, critique, expect, concur, complains, amounts, irrelevance, theorists, held, responsible, pays, disturbing, news, departments, university, eugene, fama, described, fault, fantasy, argues, casualties, causes, recession, hypothesis, championed, blamed, active, managers, recommendations, emerged, straightforward, concrete, participants, agreed, study, broader, political, emphasis, majority, accepts, proposals, mounted, robust, expectations, rejecting, rethink, nobel, laureate, robert, lucas, argued, predicts, soros, generous, funding, inet, england, stimulate, fresh, ideas, proceedings, organized, edited, provocative, title, core, disciplines, stylized, models, shortcomings, project, syndicate, howard, confuses, understand, missing, cos, virtually, swing, state, disagree, positions, democratic, republicans, farther, left, groupings, ten, aptly, retorted, andrew, gelman, indicator, candidate, freakonomics, answered, question, interview, trouble, requires, preparation, immediate, activity, sum, saved, potentiality, consuming, absurd, though, universal, effective, fostered, specious, derived, stimulus, extent, consisted, abstaining, simultaneously, yield, improved, resources, released, involve, cancellation, raison, être, paradoxical, propensity, depressing, ceteris, paribus, speak, necessitate, pair, boots, week, depresses, stimulating, ready, diminution, annat, hålla, eminenta, ekonomihistoriker, hon, landets, gräsrötter, leva, partiledningens, kompromissförslag, risken, stor, håller, fast, vid, förlorade, nästa, redan, fredags, kvinnor, gräns, friheten, vara, hållbar, vila, bädd, solidaritet, människors, värde, överordnat, samhällsbygget, välfärdspolitik, produktiv, investering, kostnad, minimera, dessa, framstå, självklart, positiva, står, desto, mindre, tydlig, konflikt, socialdemokratin, historiskt, bärande, lyfts, användning, skattemedel, hävda, aktuella, allt, väsentligt, marknadsliberala, idéer, samma, respekt, ställer, mig, oss, överhuvudtaget, möjligt, följa, välfärdsmarknad, där, marknadslogiken, långa, stycken, ersatt, normer, demokratin, medborgarskapet, uppdraget, delegerar, sjukhus, intresse, skilja, lönsamma, olönsamma, socialdemokratins, viktigaste, jämlikheten, marknadskonkurrens, driver, fram, bristande, likvärdighet, möjligheten, sätta, stopp, nyetableringar, tvärtom, försämra, fritt, bli, konkurrensmarknad, vinstens, disciplinerande, nya, konkurrenter, intill, politiker, makt, dela, exklusiva, rättigheter, lokal, näringsverksamhet, vore, rimligt, ges, exklusivt, stängd, tak, vinsten, vissa, öppna, böcker, uppenbarligen, mer, information, brukare, lättare, verksamheten, kontrolleras, konsekvent, idé, göra, sägs, ena, klarar, lösa, välfärdens, kvalitetsproblem, bejakas, både, saknas, tydlighet, såväl, värderingar, skarpa, ideologiska, skiljelinjen, borgerlig, socialdemokratisk, politik, alltid, handlat, synen, ser, räckvidd, begränsas, syfte, värna, gemensamma, intressen, familjebildning, hälsa, social, sammanhållning, miljö, borgerligheten, olika, grad, förespråkat, beslutet, rymmer, mest, problematiskt, föreslår, någon, formell, reglering, förbli, enda, europa, regler, ens, fredas, beslut, löfte, lagt, förslag, syftet, kvaliteten, avsevärt, begränsa, vinsterna, articles, seem, suffered, whit, subsequent, sequence, slow, train, wreck, reasonably, rubbished, lesser, mortals, equally, opendemocracy, philip, mirowski, turn, undermined, took, action, prevent, enormous, rewards, received, bankers, heart, meltdown, unfettered, produced, equitable, clearly, training, dentistry, nowhere, 20th, challenge, came, friedrich, hayek, milton, envisioned, ideal, involving, isolated, individuals, bargaining, contended, usually, messes, overtaking, inadequate, tackling, stagflation, 1970s, fueled, neoliberal, conservative, agendas, governments, downsides, approaching, dentist, above, driven, powerful, believed, create, prosperity, inherently, unstable, reform, caught, generation, experienced, helped, drive, nearly, tackle, defined, maynard, become, dentists, part, body, remove, pain, nice, lack, perspectives, alternatives, york, bradley, bateman, roger, backhouse, visionless, trying, responsibility, simon, wren, lewis, worry, alone, feel, stupid, understood, applies, able, chose, fine, horizon, assumes, adjust, talk, leave, second, below, negative, persuade, raise, determines, yes, afraid, fixes, consumed, predict, banks, nowadays, determining, keeps, find, motives, highly, complex, opportunities, parked, cash, lend, savers, won, until, reluctant, add, stock, initially, higher, cheaper, circuit, forgetting, accurately, forecast, practice, involuntary, quarterly, movements, discussed, thrift, ends, got, big, equalling, accounting, paying, reduce, match, rise, reversed, overall, stayed, accumulating, exactly, cut, cutting, continue, losing, closed, definition, lets, split, components, buying, accumulate, surely, accounts, absolutely, someone, automatically, firm, nuts, bolts, nexus, lecture, help, challenging, wisdom, randall, wray, book, presents, provoking, created, usual, mystifications, nature, ever, joseph, stiglitz, explained, detail, far, beyond, damage, fabric, suffering, regulating, governmental, interference, 2008, cured, anyone, realize, plagued, booms, busts, origin, suffer, excesses, place, strong, worked, noting, faster, stably, stripping, away, former, together, contrast, latter, idealists, killing, goose, lays, golden, egg, engine, weakens, bottom, concentration, bubbles, instability, fed, effects, arising, lax, regulation, irony, tax, cuts, dividends, supposed, spur, alleged, record, creation, dismal, international, recognize, connection, contrary, serving, subset, myth, lie, discussion, bain, equity, creating, restructuring, downsizing, moving, abroad, debt, bleed, companies, needed, enrich, generally, source, transformative, crucial, medicine, internet, measure, financed, development, highest, emerging, surprise, invested, china, latitude, taxation, either, taxes, cayman, islands, hide, aways, stronger, works, tide, lifts, boats, suggests, enriching, patent, falsehood, decade, groups, college, fared, worse, male, worker, instance, four, rags, riches, grip, chances, young, parents, downward, europe, scandinavia, campaign, defended, brushed, aside, employed, handful, destroy, affects, spending, workers, indebted, stagnated, brought, kalecki, authority, controlled, suggest, control, variable, suggested, normal, particularly, distributive, essential, feature, macro, elimination, tendency, bounce, trend, wendy, david, voxeu, org, undergraduates, era, explicitly, framework, ismp, rigidities, clue, hybrids, helping, grasp, essentials, naked, matias, vernengo, earn, changes, entire, willing, educated, success, played, realized, implicit, assumption, deterministic, schooling, guaranteed, precisely, earnings, doubt, harvard, advisor, greg, mankiw, last, both, western, societies, dean, baker, paychecks, disastrous, justify, workings, rules, shifted, rewarded, studying, housing, bubble, stands, country, congressional, budget, office, 000, per, household, honest, efforts, documenting, waste, associated, protectionist, professionals, devoted, estimating, tariffs, products, shoes, tires, speaks, incredible, corruption, hundreds, showing, services, bring, wages, european, levels, close, justifying, warning, quest, creates, recurrent, appropriate, necessary, ingredient
Text of the page (random words):
ibly be decisive statistics professor andrew gelman aptly retorted i have no problem if levitt wants to argue that it doesn t matter who wins the election i disagree with him given the evidence that the positions of the democratic and republicans in the u s are farther apart on economic issues than are left and right groupings in many other countries but levitt can make that argument if he wants to and i have no problem if levitt wants to say that for a one in a million or one in ten million chance he doesn t think it s worth it to vote but i don t think levitt is making sense when he writes that there never will be a vote cast in a presidential election that could possibly be decisive a low probability is not a zero probability this confuses a lot of people so i can understand levitt missing the point but it s important just cos you don t know whether a particular vote was decisive that doesn t mean a single vote can t be decisive or to put it another way when he says virtually impossible i d say 1 in a million to 1 in 10 million if you live in a swing state share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky trickle down economics 27 oct 2012 at 22 24 posted in varia comments off on trickle down economics share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky paul krugman the is lm organ grinder 27 oct 2012 at 19 06 posted in economics 3 comments howard davies has an interesting article on project syndicate about the shortcomings of modern mainstream economics but what of the core disciplines of economics and finance themselves can nothing be done to make them more useful in explaining the world as it is rather than as it is assumed to be in their stylized models george soros has put generous funding behind the institute for new economic thinking inet the bank of england has also tried to stimulate fresh ideas the proceedings of a conference that it organized earlier this year have now been edited under the provocative title what s the use of economics some of the recommendations that emerged from that conference are straightforward and concrete for example there should be more teaching of economic history many conference participants agreed that the study of economics should be set in a broader political context with greater emphasis on the role of institutions but it is not clear that a majority of the profession yet accepts even these modest proposals the so called chicago school has mounted a robust defense of its rational expectations based approach rejecting the notion that a rethink is required the nobel laureate economist robert lucas has argued that the crisis was not predicted because economic theory predicts that such events cannot be predicted so all is well and there is disturbing evidence that news of the crisis has not yet reached some economics departments the university of chicago s eugene fama has described the notion that finance theory was at fault as a fantasy and argues that financial markets and financial institutions were casualties rather than causes of the recession and the efficient market hypothesis that he championed cannot be blamed because most investing is done by active managers who don t believe that markets are efficient this amounts to what we might call an irrelevance defense finance theorists cannot be held responsible since no one in the real world pays attention to them great critique and you would of course expect even is lm organ grinder paul krugman to concur but no instead krugman complains that the truth is that basic macroeconomics the stuff that is still taught in textbooks has been very very useful in this crisis the problem is that half the profession and most policy makers turned their back on this kind of economics what is the magic silver bullet that davies missed good old is lm of course i m starting to get rather tired of pk s endless tirades about the splendour of the hicksian invention why well read this for a starter i accordingly conclude that the only way in which is lm analysis usefully survives as anything more than a classroom gadget to be superseded later on by something better is in application to a particular kind of causal analysis where the use of equilibrium methods even a drastic use of equilibrium methods is not inappropriate i have deliberately interpreted the equilibrium concept to be used in such analysis in a very stringent manner some would say a pedantic manner not because i want to tell the applied economist who uses such methods that he is in fact committing himself to anything which must appear to him to be so ridiculous but because i want to ask him to try to assure himself that the divergences between reality and the theoretical model which he is using to explain it are no more than divergences which he is entitled to overlook i am quite prepared to believe that there are cases where he is entitled to overlook them but the issue is one which needs to be faced in each case when one turns to questions of policy looking toward the future instead of the past the use of equilibrium methods is still more suspect for one cannot prescribe policy without considering at least the possibility that policy may be changed there can be no change of policy if everything is to go on as expected if the economy is to remain in what however approximately may be regarded as its existing equilibrium it may be hoped that after the change in policy the economy will somehow at some time in the future settle into what may be regarded in the same sense as a new equilibrium but there must necessarily be a stage before that equilibrium is reached i have paid no attention in this article to another weakness of is lm analysis of which i am fully aware for it is a weakness which it shares with general theory itself it is well known that in later developments of keynesian theory the long term rate of interest which does figure excessively in keynes own presentation and is presumably represented by the r of the diagram has been taken down a peg from the position it appeared to occupy in keynes we now know that it is not enough to think of the rate of interest as the single link between the financial and industrial sectors of the economy for that really implies that a borrower can borrow as much as he likes at the rate of interest charged no attention being paid to the security offered as soon as one attends to questions of security and to the financial intermediation that arises out of them it becomes apparent that the dichotomy between the two curves of the is lm diagram must not be pressed too hard john hicks is lm an explanation journal of post keynesian economics 1980 share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky ramberg visade upp facklig vinstförespråkare i all sin torftighet 27 oct 2012 at 16 03 posted in politics society 1 comment det här landet är tyvärr fullt av slöa slappa lata och loja journalister men det finns undantag ett av dem är tomas ramberg i ekots lördagsintervju lät han aldrig kommunals ordförande annelie nordström komma undan med de vanliga undanglidningsmanövrerna ramberg hade fått vittring och släppte aldrig bytet här var annars ett gyllene tillfälle att klart och tydligt tala om att kommunal nu vill se till att undanröja möjligheterna för vinstdrivande bolag att verka inom vård omsorg och skola men så blev det inte nordström svajade istället som vanligt skattefinansierade vinstdrivande företag ska enligt nordström få finnas kvar inom nämnda sektorer i stället ska man fortsätta ställa större krav på företagen men detta har vi ju hört förr löst och till intet förpliktigande tal det hade varit bättre om fackordföranden klart och tydligt deklarerat att vinstdrivande bolag inom vård omsorg och skola inte hör hemma i ett svenskt välfärdssamhälle det är bara att lyssna och njuta av intervjun naknare än så här i all sin torftighet har man sällan hört en ledande facklig förespråkare för vinstintressen i skattefinansierade välfärdsföretag share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky econometrics with gretl 27 oct 2012 at 12 04 posted in statistics econometrics 1 comment thanks to allin cottrell and riccardo lucchetti we today have access to a perfect tool for doing and teaching econometrics gretl and best of all it is totally free professor lee adkins now has a new version 1 041 of his gretl manual to hill griffith lim s principles of econometrics 4th ed 2011 in this new version adkins shows the full power of the scripting language of gretl called hansl there is also new material on monte carlo simulation loop constructions etc that certainly will please the more advanced users but as in earlier versions adkins also amply shows how increadibly easy it is to operate this statistics econometrics program gretl is up to the tasks you may have so why spend money on expensive commercial programs adkins manual can be downloadd here so just go ahead i promise with a program like gretl and a manual like this even econometrics can be fun share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky s vinstförslag ytterligare ett i raden av politiska självmål 26 oct 2012 at 23 26 posted in politics society 2 comments det är synd att partiledningen i s inte lyssnar på klokt folk inom de egna leden för de finns s kvinnornas ordförande lena sommestad skrev t ex nyligen så här i en principiellt viktig och intressant artikel på sin blogg för snart två år sedan i februari 2011 debatterade jag stockholms skolmarknad med skolborgarrådet lotta edholm i agenda jag hävdade att den kommersiella skolmarknaden skapade segregation och sämre skolresultat min fråga till lotta edholm den gånger var marknad i skolan till vilket pris i dagens dn presenteras nu de förödande resultaten av lotta edholms skolpolitik skillnaderna mellan skolorna växer och sämst går det för skolor i fattiga områden dn stockholm papperstidningen lotta edholm ställs till svars med rätta verkligheten talar nu ett tydligt språk den kommersialiserade skolan sviker de elever som allra bäst behöver skolan jag menar att det är hög tid att ta strid för de värden som vi vill ska bära svensk skola för ett par veckor sedan ställde sig uppsala arbetarekommun bakom en motion till socialdemokraternas partikongress med kravet på att vinst inte längre ska accepteras som det övergripande målet för skolverksamhet det centrala argumentet för detta är skolans centrala roll i ett samhälle präglat av demokrati jämlikhet och tankens frihet idag skiktas samhället inte bara efter klasslinjer utan också efter etnicitet forskning har visat hur den kommersiella skolmarknaden resulterar i ökad segregation efter etniska linjer det är viktigt att socialdemokraterna nu gör klart vilka värden som vi vill ska bära vårt samhälle skolpolitiken formar framtiden om vi vill ha en stark demokrati och jämlika livschanser så måste vinstintressena bort från skolan share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky next page recent posts arbetslöshetsiffran som styr den ekonomiska politiken 50 år efter studenten personal finding the late student stuff love s secret stein s paradox a lesson on precision and unbiasedness audioholic summer research ett välförtjänt bottenrekord arbetslösheten inte statsskulden är problemet how credible is the credibility revolution in econometrics randomness and representativeness are not the same lönebildning och arbetslöshet i sverige nancy cartwright s contributions to the philosophy of science what does randomisation guarantee nothing model reification in statistics and econometrics why democracy outperforms dictatorship comments policy i like comments follow netiquette comments especially anonymous ones with pseudo argumentations abusive language or irrelevant links will not be posted and please remember being a full time professor leaves only limited time to respond to comments recent comments fred torssander on arbetslöshetsiffran som styr d jan wiklund on arbetslösheten inte st lars on lönebildning och arbetslöshet lars on lönebildning och arbetslöshet fred on lönebildning och arbetslöshet lars on lönebildning och arbetslöshet lars on lönebildning och arbetslöshet fred on lönebildning och arbetslöshet fred on lönebildning och arbetslöshet lars on lönebildning och arbetslöshet lars on lönebildning och arbetslöshet fredtorssander on lönebildning och arbetslöshet lars on lönebildning och arbetslöshet lars on lönebildning och arbetslöshet fred on lönebildning och arbetslöshet reading list categories economics 4 168 education school 301 politics society 1 390 statistics econometrics 998 theory of science methodology 542 varia 1 707 archives jun 2026 25 may 2026 32 apr 2026 30 mar 2026 48 feb 2026 21 jan 2026 34 dec 2025 47 nov 2025 38 oct 2025 31 sep 2025 31 aug 2025 39 jul 2025 39 jun 2025 36 may 2025 41 apr 2025 37 mar 2025 34 feb 2025 20 jan 2025 23 dec 2024 32 nov 2024 42 oct 2024 36 sep 2024 38 aug 2024 22 jul 2024 36 jun 2024 26 may 2024 31 apr 2024 27 mar 2024 33 feb 2024 30 jan 2024 26 dec 2023 30 nov 2023 25 oct 2023 29 sep 2023 36 aug 2023 34 jul 2023 49 jun 2023 44 may 2023 48 apr 2023 39 mar 2023 35 feb 2023 30 jan 2023 29 dec 2022 34 nov 2022 25 oct 2022 26 sep 2022 29 aug 2022 31 jul 2022 26 jun 2022 29 may 2022 25 apr 2022 32 mar 2022 22 feb 2022 30 jan 2022 40 dec 2021 43 nov 2021 39 oct 2021 31 sep 2021 43 aug 2021 37 jul 2021 50 jun 2021 49 may 2021 51 apr 2021 33 mar 2021 59 feb 2021 45 jan 2021 33 dec 2020 46 nov 2020 41 oct 2020 53 sep 2020 37 aug 2020 43 jul 2020 49 jun 2020 48 may 2020 67 apr 2020 61 mar 2020 49 feb 2020 62 jan 2020 40 dec 2019 53 nov 2019 68 oct 2019 59 sep 2019 53 aug 2019 75 jul 2019 66 jun 2019 67 may 2019 83 apr 2019 93 mar 2019 73 feb 2019 71 jan 2019 55 dec 2018 52 nov 2018 61 oct 2018 69 sep 2018 52 aug 2018 50 jul 2018 42 jun 2018 62 may 2018 59 apr 2018 60 mar 2018 57 feb 2018 38 jan 2018 61 dec 2017 44 nov 2017 44 oct 2017 53 sep 2017 46 aug 2017 40 jul 2017 37 jun 2017 42 may 2017 47 apr 2017 44 mar 2017 43 feb 2017 35 jan 2017 52 dec 2016 62 nov 2016 57 oct 2016 42 sep 2016 44 aug 2016 40 jul 2016 55 jun 2016 42 may 2016 43 apr 2016 38 mar 2016 70 feb 2016 57 jan 2016 39 dec 2015 31 nov 2015 49 oct 2015 58 sep 2015 47 aug 2015 32 jul 2015 42 jun 2015 49 may 2015 48 apr 2015 43 mar 2015 53 feb 2015 41 jan 2015 54 dec 2014 49 nov 2014 49 oct 2014 54 sep 2014 52 aug 2014 69 jul 2014 71 jun 2014 47 may 2014 45 apr 2014 38 mar 2014 50 feb 2014 53 jan 2014 48 dec 2013 64 nov 2013 59 oct 2013 76 sep 2013 73 aug 2013 44 jul 2013 53 jun 2013 38 may 2013 42 apr 2013 47 mar 2013 58 feb 2013 39 jan 2013 44 dec 2012 66 nov 2012 61 oct 2012 71...
|
