Meta tags:
description=15 posts published by Lars Syll during December 2017;

Headings (most frequently used words):

models, and, of, trickle, down, the, to, recent, comments, lars, syll, dsge, unparalleled, spectacular, failures, krugman, misapplication, neoclassical, growth, pseudo, vetenskapligt, mumbo, jumbo, på, svenska, universitet, demystifying, causes, secular, stagnation, loanable, funds, theory, happy, new, year, all, my, blog, readers, farewell, neoliberalism, facebook, destroys, democracy, trumpian, holy, night, oíche, chiúin, girl, like, you, danskt, hygge, if, only, trump, had, read, abba, lerner, time, for, an, economics, reformation, posts, policy, reading, list, categories, archives,

Text of the page (most frequently used words):
the (185), and (93), that (40), dec (31), 2017 (28), och (25), are (23), models (23), this (22), comments (20), jan (19), with (19), not (18), may (17), posted (17), for (17), money (17), have (16), mar (16), apr (16), jun (16), jul (15), aug (15), sep (15), oct (15), nov (15), feb (15), 2014 (14), dsge (14), 2012 (13), has (13), real (13), 2013 (12), 2015 (12), 2016 (12), 2018 (12), 2019 (12), 2020 (12), 2021 (12), 2022 (12), 2023 (12), 2024 (12), 2025 (12), #economics (12), only (12), when (12), unemployment (12), one (12), lars (11), lönebildning (11), arbetslöshet (11), more (11), spending (11), also (11), funds (11), labour (11), consumption (11), 2011 (10), taxes (10), can (10), financial (10), loanable (10), wages (10), theory (9), model (9), would (9), there (9), which (9), but (9), der (9), facebook (9), new (9), interest (9), neoclassical (9), economy (9), som (8), time (8), than (8), rate (8), since (8), ist (8), monetary (8), ricardian (8), equivalence (8), will (7), investment (7), government (7), its (7), should (7), und (7), their (7), long (7), stagnation (7), supply (7), 2026 (6), varia (6), how (6), because (6), from (6), total (6), all (6), ein (6), problem (6), die (6), basically (6), some (6), share (6), opens (6), window (6), any (6), still (6), banks (6), cannot (6), short (6), run (6), att (6), det (6), most (6), today (6), syll (5), blog (5), arbetslöshetssiffran (5), styr (5), being (5), policy (5), what (5), den (5), finance (5), less (5), about (5), way (5), both (5), increase (5), left (5), trump (5), her (5), women (5), world (5), rather (5), secular (5), market (5), fiscal (5), out (5), savings (5), basic (5), assets (5), utility (5), agents (5), representative (5), agent (5), future (5), lowering (5), wage (5), science (4), econometrics (4), politics (4), society (4), school (4), fred (4), like (4), does (4), same (4), income (4), many (4), make (4), according (4), spend (4), they (4), first (4), neither (4), result (4), goods (4), allowed (4), off (4), down (4), das (4), working (4), bluesky (4), means (4), much (4), mainstream (4), price (4), demand (4), aggregate (4), use (4), growth (4), med (4), har (4), employment (4), saving (4), function (4), value (4), comment (3), log (3), other (3), statistics (3), inte (3), especially (3), pseudo (3), why (3), nothing (3), ett (3), posts (3), net (3), taxation (3), must (3), taxpayers (3), inflation (3), itself (3), case (3), good (3), country (3), current (3), prices (3), had (3), trickle (3), here (3), sie (3), raum (3), nicht (3), haben (3), wir (3), kann (3), difficult (3), point (3), clinton (3), was (3), been (3), could (3), without (3), knowledge (3), those (3), course (3), readers (3), causes (3), barter (3), simply (3), into (3), debt (3), approach (3), where (3), over (3), wrong (3), even (3), firms (3), invest (3), detta (3), pedagogisk (3), könsmaktsordningen (3), different (3), rhythms (3), believes (3), men (3), between (3), matter (3), macroeconomic (3), krugman (3), units (3), used (3), two (3), role (3), nonsense (3), voluntary (3), assumption (3), wealth (3), households (3), form (3), incomes (3), expenditures (3), private (3), kind (3), equilibrium (3), required (2), view (2), sign (2), subscribed (2), subscribe (2), wordpress (2), com (2), now (2), methodology (2), education (2), reading (2), arbetslösheten (2), wiklund (2), milch (2), recent (2), irrelevant (2), full (2), professor (2), democracy (2), sverige (2), paradox (2), stuff (2), abba (2), lerner (2), his (2), never (2), merely (2), payments (2), functional (2), therefore (2), too (2), nor (2), responsibility (2), else (2), services (2), possible (2), above (2), below (2), reduce (2), read (2), danskt (2), hygge (2), you (2), oíche (2), chiúin (2), holy (2), night (2), going (2), probably (2), best (2), picture (2), ferguson (2), something (2), als (2), wie (2), durch (2), google (2), jetzt (2), uns (2), mit (2), dass (2), einfach (2), question (2), particular (2), believe (2), material (2), americans (2), think (2), certainly (2), class (2), while (2), lost (2), social (2), become (2), blogger (2), modern (2), able (2), rule (2), quite (2), lot (2), years (2), increased (2), having (2), mostly (2), economic (2), utterly (2), take (2), often (2), continue (2), institutions (2), pre (2), existing (2), borrowers (2), servaas (2), loans (2), determined (2), free (2), doctrine (2), shortage (2), public (2), strong (2), conclusion (2), these (2), get (2), order (2), man (2), jag (2), hur (2), både (2), människa (2), häst (2), nummer (2), där (2), till (2), vetenskapligt (2), relations (2), seriality (2), contains (2), potentially (2), primary (2), either (2), available (2), doktorsavhandlingen (2), var (2), järnvägs (2), stationerna (2), reproducerar (2), avhandlingen (2), rum (2), från (2), universitet (2), production (2), decisions (2), true (2), classical (2), variables (2), output (2), come (2), surprise (2), ramsey (2), who (2), lent (2), save (2), lend (2), consume (2), solow (2), behavior (2), thus (2), somehow (2), tangible (2), corn (2), misapplication (2), twitter (2), taught (2), every (2), graduate (2), sheer (2), overlapping (2), generations (2), infinite (2), horizon (2), intertemporal (2), empirical (2), policies (2), move (2), importantly (2), implies (2), changes (2), timing (2), unchanged (2), governments (2), euler (2), equation (2), consumer (2), consuming (2), maximizes (2), lifetime (2), people (2), financing (2), expectations (2), pay (2), higher (2), negative (2), effect (2), leading (2), drop (2), although (2), involuntary (2), lower (2), flexible (2), nominal (2), impacts (2), explain (2), always (2), damning (2), against (2), website, name, email, write, loading, collapse, bar, manage, subscriptions, site, reader, report, content, privacy, already, account, join, 606, subscribers, feeds, entries, 112, archives, 707, 542, 998, 390, 301, 168, categories, list, fredtorssander, torssander, follow, netiquette, anonymous, ones, argumentations, abusive, language, links, please, remember, leaves, limited, respond, outperforms, dictatorship, reification, randomisation, guarantee, nancy, cartwright, contributions, philosophy, randomness, representativeness, credible, credibility, revolution, statsskulden, problemet, välförtjänt, bottenrekord, audioholic, summer, research, stein, lesson, precision, unbiasedness, love, secret, finding, late, student, efter, studenten, personal, ekonomiska, politiken, next, page, reformation, high, need, discourage, appropriate, deductions, losses, diminish, capital, actually, risked, investor, proportion, reduced, interesting, shocking, corollary, taxing, undertaken, needs, principles, judged, effects, imposed, desirable, shall, example, otherwise, enough, bring, applying, law, find, collecting, collects, feel, anything, bad, concentrate, keeping, small, great, preventing, nobody, undertake, keep, greater, buy, produce, reducing, raising, girl, absolutely, outstanding, divine, gop, delivering, corporations, shareholders, workers, described, analogy, huge, gift, trumpian, thought, quote, niall, once, intelligent, thoughtful, say, riesiges, gesamten, menschheitsgeschichte, galt, öffentliche, kommerziell, heute, daraus, einen, gigantischen, anzeigenmarkt, gemacht, suche, nach, informationen, gang, eine, bibliothek, weltweiter, verkaufsraum, dasselbe, sehen, veränderung, unserer, sozialen, netzwerke, früher, hatten, clubs, gesellschaften, marktplatz, oder, kneipe, miteinander, abzuhängen, auszutauschen, dieser, gehört, bombardiert, werbung, kurz, gefasst, zwei, firmen, globalen, werbemarkt, bestimmen, zugleich, auch, macht, öffentlichen, dominieren, zustand, langfristig, aufrechterhalten, werden, sein, privatunternehmen, monopol, über, unsere, persönlichen, daten, besitzt, weiterverkaufen, schlicht, verrückt, genauso, tatsache, seinen, newsfeed, abstand, größte, herausgeber, von, nachrichten, geschichte, usa, desaströs, für, fortbestand, westlichen, demokratie, monopolstellung, mehr, marktwirtschaftliches, zeit, destroys, king, review, racial, complexities, american, endless, deprivation, trumps, word, cultural, identification, alternative, unattractive, indeed, untrustworthy, hobnobbing, californian, movie, stars, celebrities, let, alone, greed, incredible, sums, she, collected, wall, street, appearances, destroyed, claim, defend, hard, families, then, reasons, bernie, sanders, democratic, party, machine, nomination, defeated, handily, places, iowa, wisconsin, ohio, wolfgang, streeck, death, centre, led, rise, right, note, white, overwhelmingly, voted, votes, among, african, latinos, compared, obama, election, 2008, groups, associated, minorities, turned, away, farewell, neoliberalism, 21st, century, blogosphere, doubts, greatest, channels, dispersing, information, specialize, topics, economist, happens, deep, tail, target, segment, narrower, specialized, interests, newspapers, magazines, aim, attract, tired, idea, infallible, perpetuation, spoon, fed, orthodoxy, yours, truly, launched, six, ago, number, visitors, steadily, viewed, million, times, admit, given, wonkish, character, astonished, interested, geeky, happy, year, beautiful, fairy, tale, transfer, depositors, create, credit, someone, previously, got, vehicles, agree, regards, ruling, pure, simple, conceived, credits, set, bertil, ohlin, put, eggs, strawberries, village, storm, due, our, inability, ourselves, discredited, forest, trees, see, solution, underlying, structural, package, infrastructure, green, energy, systems, transportation, progressive, raise, median, soon, relegating, scholastic, talk, zlb, dustbin, christmas, past, ever, knut, wicksell, 1898, restatement, exerted, surprisingly, influence, upon, minds, profession, clearly, depressing, headline, stands, caused, heavy, overdose, end, deposits, commercial, glut, large, rid, offer, after, zero, willing, borrow, inadequate, lead, term, imbalance, persists, solutions, revive, doldrums, demystifying, säger, svensk, universitets, utbildning, kris, undrar, varför, posthumanistisk, ansats, belyser, reflekterar, över, överskrider, sina, varanden, öppnar, upp, mellanrum, dimensioner, subjektivitet, kroppslighet, ömsesidighet, mitt, eget, favoritexempel, vetenskapliga, skojeri, hämtat, författaren, artikeln, relation, mellan, väg, mot, filosofisk, utforskning, mellanrummet, ger, följande, intressanta, programförklaring, forskning, inför, sådant, tyckmyckentrutat, blaj, kan, annat, taga, sig, för, pannan, ekvalist, rytmer, poetiskt, results, study, show, individuals, ways, affected, gendered, power, dwell, collective, shape, materialized, objects, encounter, commuters, visiting, railway, station, masculine, males, violent, defenders, bread, winners, female, mothers, housewives, victim, sexual, violence, objectification, bodies, decent, sexually, heterosexual, sammanfattas, engelska, börjar, katten, blir, värre, doktorand, alltså, ägnat, minst, flera, miljoner, skatte, kronor, besöka, järnvägsstationer, komma, fram, doktorandens, chef, planerat, arbete, chefens, chefer, godkänt, dessutom, betygskommitté, externa, granskare, bedömt, skrivit, under, håller, måttet, undersöker, järnvägstationer, fysiska, platser, sociala, könsperspektiv, kimstad, pendeltågsstation, norrköpings, järnvägsstation, stockholms, centralstation, ingår, studien, resultaten, visar, påverkar, män, kvinnor, vistas, sprang, nyligen, sammanställning, genusdoktorsavhandlingar, många, godbitar, dem, särskilt, anmärkningsvärd, nämligen, uppräkningen, handlar, doktors, rytm, resande, linköpings, pdf, sammanställningen, sammanfattar, mumbo, jumbo, svenska, keynes, 1933, desiderate, deal, plays, part, own, affects, motives, operative, factors, situation, events, predicted, period, behaviour, state, last, ought, mean, speak, happen, live, neutral, matters, don, dichotomy, independent, enables, depict, system, paul, repeatedly, argued, hobby, horses, style, fabian, lindner, pervasive, shown, eggertsson, add, features, again, borrowed, naturally, potential, lenders, before, them, normally, eaten, planted, keeps, circulating, spent, guide, analysis, specifically, fundamentally, problems, plans, dealt, predictions, inconsistencies, thrift, medium, miraculous, transformed, phenomena, markets, play, simplicity, called, three, functions, consumed, invested, payment, made, assumed, fallacies, commits, might, explainable, ideas, concepts, sphere, modeling, joseph, stiglitz, nobel, laureate, sure, abandon, replacing, isn, terms, realism, relevance, just, getting, frying, pan, fire, substitution, leisure, ubiquitous, specification, hopelessly, mark, camillo, tovar, incorporating, meaningfully, requires, abandoning, frameworks, break, possibilities, framework, second, common, handling, rely, type, liquidity, constrained, thumb, benchmark, paid, little, attention, minimising, interaction, partly, distribution, across, dynamics, bonds, represent, direction, follows, invariant, interpreted, present, discounted, affect, maximization, specified, spendings, mirabile, dictu, cut, expression, indifferent, unit, instead, tomorrow, typically, using, logarithmic, gives, rewritten, discounting, parameter, holdings, standard, modelling, portrayed, treating, dichotomous, phenomenon, facing, budget, constraint, contemplating, making, acting, through, debts, equivalent, repaid, equipped, rational, leaving, proto, assumes, tax, revenues, counterintuitively, expands, mechanism, holds, famous, added, increases, leads, obviously, embarrassing, macroeconomists, incorporate, such, fact, reality, occurs, adjustments, hours, work, optimizing, maximize, proposition, ultimately, economies, depressions, ill, founded, things, worse, erratic, fluctuations, explanation, insufficient, outside, clear, possibly, perhaps, rates, easier, achieve, increasing, reductions, were, seen, general, substitute, expansionary, positive, exist, heavily, weighing, management, union, deteriorating, causing, delay, investments, deflation, cetera, self, chosen, optimality, strikes, ridiculous, unfortunately, economists, rigidities, prime, movers, behind, variations, assuming, disregarding, lack, evidence, counterintuitive, fortiori, optimal, choice, conditions, hence, totally, unemployed, optimally, chooses, cleared, responding, changing, expected, varying, holding, deviates, adjust, decreased, unable, critiques, levelled, following, critique, unsellability, sector, lots, argument, unparalleled, spectacular, failures, gretl, downloadable, publications, lps,

Text of the page (random words):
be any guide for the analysis of a monetary economy specifically what is true in a one good economy units have to consume less to lend and invest more is fundamentally wrong in a monetary economy fabian lindner this should come as no surprise paul krugman has repeatedly over the years argued that we should continue to use neoclassical hobby horses like ramsey style growth is lm and as ad models money and finance don t matter in mainstream neoclassical macroeconomic models that s true according to the classical dichotomy real variables output and employment are independent of monetary variables and so enables mainstream economics to depict the economy as basically a barter system but in the real world in which we happen to live money certainly does matter money is not neutral and money matters in both the short run and the long run the theory which i desiderate would deal with an economy in which money plays a part of its own and affects motives and decisions and is in short one of the operative factors in the situation so that the course of events cannot be predicted in either the long period or in the short without a knowledge of the behaviour of money between the first state and the last and it is this which we ought to mean when we speak of a monetary economy j m keynes a monetary theory of production 1933 pseudo vetenskapligt mumbo jumbo på svenska universitet 29 dec 2017 at 19 11 posted in education school 5 comments jag sprang nyligen på en sammanställning av genusdoktorsavhandlingar från 2014 många godbitar men en av dem var särskilt anmärkningsvärd nämligen nummer 19 i uppräkningen det handlar om doktors avhandlingen rum rytm och resande från linköpings universitet pdf sammanställningen sammanfattar avhandlingen undersöker järnvägstationer som fysiska platser och sociala rum ur könsperspektiv kimstad pendeltågsstation norrköpings järnvägsstation och stockholms centralstation ingår i studien resultaten visar att järnvägs stationerna reproducerar könsmaktsordningen och att detta påverkar både män som kvinnor som vistas där en doktorand har alltså ägnat minst 4 5 år och flera miljoner skatte kronor åt att besöka järnvägsstationer och komma fram till att järnvägs stationerna reproducerar könsmaktsordningen doktorandens chef har planerat detta arbete och chefens chefer har godkänt det dessutom har en betygskommitté med externa granskare bedömt och skrivit under på att doktorsavhandlingen håller måttet det var katten men det blir värre doktorsavhandlingen sammanfattas på engelska det börjar med results from the study show that individuals in different ways are affected by gendered power relations that dwell in rhythms of collective believes and in shape of materialized objects that encounter the commuters when visiting the railway station while the rhythms of masculine seriality contains believes of males as potentially violent as defenders and as bread winners the rhythms of female seriality contains believes of women as primary mothers and housewives of women as primary victim of sexual violence and of objectification of women s bodies as either decent or as sexually available to heterosexual men rytmer av könsmaktsordningen poetiskt ekvalist ja inför sådant tyckmyckentrutat pseudo vetenskapligt blaj kan man inte annat än taga sig för pannan mitt eget favoritexempel på detta vetenskapliga skojeri är hämtat ur ett nummer av pedagogisk forskning i sverige 2 3 2014 där författaren till artikeln en pedagogisk relation mellan människa och häst på väg mot en pedagogisk filosofisk utforskning av mellanrummet ger 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 svensk universitets utbildning är i kris undrar varför demystifying trickle down 28 dec 2017 at 20 01 posted in economics 1 comment the causes of secular stagnation and the loanable funds theory 28 dec 2017 at 09 34 posted in economics 6 comments 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 the glut in savings supply is so large that banks cannot get rid of all the loanable funds even when they offer firms free loans that is even after they reduce the interest rate to zero firms are not willing to borrow more in order to invest the result is inadequate investment and a shortage of aggregate demand in the short run which lead to long term stagnation as long as the savings investment imbalance persists this is clearly a depressing conclusion but it is also wrong ever since knut wicksell s 1898 restatement of the doctrine the loanable funds approach has exerted a surprisingly strong influence upon some of the best minds in the profession due to our inability to free ourselves from the discredited loanable funds doctrine we have lost the forest for the trees we cannot see that the solution to the real problem underlying secular stagnation a structural shortage of aggregate demand is by no means difficult use fiscal policy a package of spending on infrastructure green energy systems public transportation and public services and progressive income taxation and raise median wages the stagnation will soon be over relegating all the scholastic talk about the zlb to the dustbin of a christmas past servaas storm it is difficult not to agree with servaas here the loanable funds theory is in many regards nothing but an approach where the ruling rate of interest in society is pure and simple conceived as nothing else than the price of loans or credits set by banks and determined by supply and demand as bertil ohlin put it in the same way as the price of eggs and strawberries on a village market it s a beautiful fairy tale but the problem is that banks are not barter institutions that transfer pre existing loanable funds from depositors to borrowers why because in the real world there simply are no pre existing loanable funds banks create new funds credit only if someone has previously got into debt banks are monetary institutions not barter vehicles continue reading the causes of secular stagnation and the loanable funds theory share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky a happy new year to all my blog readers 27 dec 2017 at 23 31 posted in varia 2 comments tired of the idea of an infallible mainstream neoclassical economics and its perpetuation of spoon fed orthodoxy yours truly launched this blog six years ago the number of visitors has increased steadily and with now having had my posts viewed more than 3 million times i have to admit of still being given the rather wonkish character of the blog with posts mostly on economic theory statistics econometrics theory of science and methodology utterly astonished that so many are interested and take their time to read the often rather geeky stuff posted here in the 21st century the blogosphere has without any doubts become one of the greatest channels for dispersing new knowledge and information as a blogger i can specialize in those particular topics an economist and professor of social science happens to have both deep knowledge of and interest in that of course also means in the modern long tail world being able to target a segment of readers with much narrower and specialized interests than newspapers and magazines as a rule could aim for and still attract quite a lot of readers share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky farewell to neoliberalism 27 dec 2017 at 09 58 posted in politics society 3 comments kr the death of the centre left has also led to the rise of the right you note that working class white women overwhelmingly voted for trump while clinton lost votes among african americans and latinos compared to obama s election in 2008 how have so many social groups associated with the left the working class minorities women turned away wolfgang streeck that s a difficult question as the racial complexities of american politics in particular are endless basically i believe that at some point material deprivation trumps if the word is allowed cultural identification especially if the alternative in this case clinton is so unattractive and indeed untrustworthy clinton s hobnobbing with the californian movie stars and other celebrities let alone her material greed and the incredible sums she collected for her wall street appearances must at some point have destroyed her claim to defend hard working americans and their families what was left then was trump i think we have reasons to believe that had bernie sanders been allowed by the democratic party machine to will the nomination he could have defeated trump handily certainly in places like iowa wisconsin and ohio king s review facebook destroys democracy 26 dec 2017 at 12 13 posted in politics society 2 comments zeit die monopolstellung ist also mehr als ein marktwirtschaftliches problem ferguson sie ist ein riesiges problem in der gesamten menschheitsgeschichte galt der öffentliche raum als nicht kommerziell heute haben wir daraus einen gigantischen anzeigenmarkt gemacht die suche nach informationen ist wie der gang in eine bibliothek durch google ist das jetzt ein weltweiter verkaufsraum dasselbe sehen sie in der veränderung unserer sozialen netzwerke früher hatten wir clubs und gesellschaften den marktplatz oder die kneipe um miteinander abzuhängen und uns auszutauschen dieser raum gehört jetzt facebook und facebook bombardiert uns mit werbung kurz gefasst haben wir also zwei firmen google und facebook die den globalen werbemarkt bestimmen und zugleich auch die macht haben den öffentlichen raum zu dominieren das ist ein zustand der langfristig nicht aufrechterhalten werden kann es kann nicht sein dass ein privatunternehmen ein monopol über unsere persönlichen daten besitzt und sie einfach weiterverkaufen kann das ist schlicht und einfach verrückt genauso wie die tatsache dass facebook durch seinen newsfeed der mit abstand größte herausgeber von nachrichten in der geschichte der usa ist das ist desaströs für den fortbestand der westlichen demokratie never thought i would quote niall ferguson but here for once he has something both intelligent and thoughtful to say trumpian trickle down 25 dec 2017 at 11 08 posted in economics 1 comment trump and the gop delivering a huge gift to us corporations and shareholders the only trickle down to workers going on is probably best described in analogy to the above picture o holy night 24 dec 2017 at 18 23 posted in varia comments off on o holy night absolutely outstanding divine oíche chiúin 24 dec 2017 at 18 06 posted in varia comments off on oíche chiúin a girl like you 22 dec 2017 at 20 28 posted in varia 3 comments danskt hygge 22 dec 2017 at 18 40 posted in varia comments off on danskt hygge if only trump had read abba lerner 21 dec 2017 at 13 12 posted in economics 4 comments the first financial responsibility of the government since nobody else can undertake that responsibility is to keep the total rate of spending in the country on goods and services neither greater nor less than that rate which at the current prices would buy all the goods that it is possible to produce if total spending is allowed to go above this there will be inflation and if it is allowed to go below this there will be unemployment the government can increase total spending by spending more itself or by reducing taxes so that taxpayers have more money left to spend it can reduce total spending by spending less itself or by raising taxes so that taxpayers have less money left to spend in applying this first law of functional finance the government may find itself collecting more in taxes than it is spending or spending more than it collects in neither case should the government feel that there is anything especially good or bad about this result it should merely concentrate on keeping the total rate of spending neither too small nor too great in this way preventing both unemployment and inflation an interesting and to many a shocking corollary is that taxing is never to be undertaken merely because the government needs to make money payments according to the principles of functional finance taxation must be judged only by its effects taxation should therefore be imposed only when it is desirable that the taxpayers shall have less money to spend for example when they would otherwise spend enough to bring about inflation high income taxes need not discourage investment because appropriate deductions for losses can diminish the capital actually risked by the investor in the same proportion as his net income from the investment is reduced abba lerner time for an economics reformation 21 dec 2017 at 08 42 posted in economics 4 comments next page recent posts arbetslöshetssiffran 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 jan wiklund on arbetslöshetssiffran som styr jan milch on arbetslöshetssiffran som styr jan milch on arbetslöshetssiffran som styr fred torssander on arbetslöshetssiffran som styr 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 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...