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description=15 posts published by Lars Syll during October 2023;

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real world relevance the price paid for the illusory rigour and precision has been monumentally high this deductivist orientation is the main reason behind the difficulty that mainstream economics has in terms of understanding explaining and predicting what takes place in our societies but it has also given mainstream economics much of its discursive power at least as long as no one starts asking tough questions on the veracity of and justification for the assumptions on which the deductivist foundation is erected asking these questions is an important ingredient in a sustained critical effort to show how nonsensical the embellishing of a smorgasbord of models founded on wanting often hidden methodological foundations is the mathematical deductivist straitjacket used in mainstream economics presupposes atomistic closed systems i e something that we find very little of in the real world a world significantly at odds with an implicitly assumed logic world where deductive entailment rules the roost ultimately then the failings of modern mainstream economics have their roots in a deficient ontology the kind of formal analytical and axiomatic deductive mathematical modelling that makes up the core of mainstream economics is hard to make compatible with a real world ontology it is also the reason why so many critics find mainstream economic analysis patently and utterly unrealistic and irrelevant the empty formalism that solow points out in his critique of modern macroeconomics is still one of the main reasons behind the monumental failure of modern macroeconomics share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky räddaren i nöden 29 oct 2023 at 12 50 posted in varia comments off on räddaren i nöden regn och höstrusk ute på ön idag men vad gör det så länge man kan lyssna på programmet text och musik med eric schüldt jag har i flera år nu lyssnat på erics program varje söndag en helg utan hans tänkvärda och ofta lite melankoliska funderingar och vemodiga musik har blivit otänkbart som så ofta de senaste åren är det eric som får mig att hitta nya ljudintryck i en tid många kallar den modern då alla förväntar sig omedelbar behovstillfredsställelse här och nu njuter jag av att få gå och längta efter nästa söndags musikupplevelse och betraktelser över tillvarons mystik tack eric share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky pink floyd 28 oct 2023 at 18 44 posted in varia comments off on pink floyd share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky on universalism and the israeli palestinian conflict 28 oct 2023 at 10 00 posted in politics society comments off on on universalism and the israeli palestinian conflict share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky economic myths that just won t die 27 oct 2023 at 22 47 posted in economics comments off on economic myths that just won t die share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky goethe vs schiller 27 oct 2023 at 12 20 posted in varia 1 comment 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 get a nobel prize in economics talking absolute nonsense 26 oct 2023 at 21 59 posted in economics 11 comments many people would argue that in this case the inefficiency was primarily in the credit markets not the stock market that there was a credit bubble that inflated and ultimately burst eugene fama i don t even know what that means people who get credit have to get it from somewhere does a credit bubble mean that people save too much during that period i don t know what a credit bubble means i don t even know what a bubble means these words have become popular i don t think they have any meaning i guess most people would define a bubble as an extended period during which asset prices depart quite significantly from economic fundamentals eugene fama that s what i would think it is but that means that somebody must have made a lot of money betting on that if you could identify it it s easy to say prices went down it must have been a bubble after the fact i think most bubbles are twenty twenty hindsight now after the fact you always find people who said before the fact that prices are too high people are always saying that prices are too high when they turn out to be right we anoint them when they turn out to be wrong we ignore them they are typically right and wrong about half the time are you saying that bubbles can t exist eugene fama they have to be predictable phenomena i don t think any of this was particularly predictable john cassidy share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky l intelligence humaine est en déclin 25 oct 2023 at 13 48 posted in education school politics society comments off on l intelligence humaine est en déclin comme le montre ce programme il y a vraiment de nombreux signes que l intelligence humaine est en déclin ce déclin est probablement le résultat d une convergence de facteurs sociaux et culturels l une des principales raisons est la dépendance croissante à la technologie alors que les avancées technologiques ont indéniablement amélioré notre qualité de vie elles ont également créé une génération de personnes de plus en plus dépendantes de leurs smartphones et ordinateurs cette dépendance a réduit notre capacité à résoudre des problèmes de manière indépendante à retenir des informations essentielles et à interagir avec le monde qui nous entoure un autre facteur contribuant à la baisse de l intelligence humaine est le déclin de l éducation de nombreuses régions du monde font face à des coupes budgétaires dans le secteur de l éducation ce qui entraîne une qualité d enseignement inférieure en conséquence de nombreuses personnes ne sont pas en mesure d acquérir les compétences cognitives et les connaissances dont elles ont besoin pour fonctionner au mieux dans la société si nous voulons améliorer notre faculté intellectuelle il est impératif de reconsidérer notre relation à la technologie et à l éducation share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky natural natural experiments 24 oct 2023 at 11 14 posted in statistics econometrics comments off on natural natural experiments evidently however the potential for the strictly natural natural experimental approach which relies exclusively on natural events as instruments is constrained by the small number of random events provided by nature and by the fact that most outcomes of interest are the result of many factors associated with preferences technologies and markets and the prospect of the discovery of new and useful natural events is limited it is clear that the number of natural instruments will never be sufficient to eliminate the necessity of imposing auxiliary assumptions or of obtaining supplementary empirical information relevant to the assumptions needed for identification measurement without theory however is not significantly more valuable than it ever was before the use of natural natural experiments mark rosenzweig kenneth wolpin rosenzweig and wolpin discuss several serious issues with studies based on natural natural experiments one noticeable and significant problem they do not address however is that researchers using these randomization based research strategies consistently formulate problems to achieve exact and precise results that are not the ones we truly want answers to the design becomes the main focus and as long as one can set up more or less clever experiments they believe they can draw far reaching conclusions about both causality and generalizing experimental outcomes to larger populations unfortunately this often leads to a shift in this type of research away from interesting and important issues towards prioritizing method choices while design and research planning are important the credibility of research ultimately comes down to being able to provide answers to relevant questions that both citizens and researchers want to know share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky alter friedhof 24 oct 2023 at 10 36 posted in varia comments off on alter friedhof for a churchyard romantic like yours truly a visit to alter friedhof prenzlauer allee is of course a must when in berlin share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky berlin 19 oct 2023 at 19 05 posted in varia comments off on berlin touring again guest appearance in berlin when there yours truly always visits walter benjamin platz close to kurfürstendamm between leibnizstraße and wielandstraße interesting architecture and a couple of excellent restaurants and cafés regular blogging to be resumed next week share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky mainstream economics a methodological strait jacket 19 oct 2023 at 12 07 posted in economics comments off on mainstream economics a methodological strait jacket 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 a scholar and power and influence in the world with error failure and falsity in some primary sense given that the primary problem is methodological the issues seem to extend in different ways from milton friedman to robert lucas jr from paul krugman to joseph stiglitz do such observations give you pause my question invitation i suppose is how does one reconcile explain or account for the direction of travel of mainstream economics the degree of commonality identified in relation to its otherwise diverse parts the glaring problems of that commonality as identified and stated by you and many other critics lars p syll when politically radical economists like krugman wren lewis or stiglitz confront the critique of mainstream economics from people like me they usually have the attitude that if the critique isn t formulated in a well specified mathematical model it isn t worth taking seriously to me that only shows that despite all their radical rhetoric these economists just like milton friedman robert lucas jr or greg mankiw are nothing but die hard defenders of mainstream economics the only economic analysis acceptable to these people is the one that takes place within the analytic formalistic modelling strategy that makes up the core of mainstream economics models and theories that do not live up to the precepts of the mainstream methodological canon are considered cheap talk if you do not follow this particular mathematical deductive analytical formalism you re not even considered to be doing economics the kind of diversity you asked me about is perhaps even better to get a perspective on by considering someone like dani rodrik who a couple of years ago wrote a book on economics and its modelling strategies economics rules 2015 that attracted much attention among economists in the academic world just like krugman and the other politically radical mainstream economists rodrik shares the view that there is nothing basically wrong with standard theory as long as policymakers and economists stick to standard economic analysis everything is fine economics is just a method that makes us think straight and reach correct answers similar to krugman rodrik likes to present himself as a kind of pluralist anti establishment economics iconoclast but when it really counts he shows what he is a mainstream economist fanatically defending the relevance of standard economic modelling strategies in other words no heterodoxy where it would really count in my view this isn t pluralism it s a methodological reductionist strait jacket real world economics review share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky mmt the movie 16 oct 2023 at 18 13 posted in economics 1 comment finding the money follows economist stephanie kelton on an exploration of modern monetary theory also appearing in the movie are pavlina r tcherneva l randall wray mathew forstater and fadhel kaboub soon coming to a theatre near you share on facebook opens in new window facebook share on x opens in new window x share on bluesky opens in new window bluesky woke cancel culture a threat to our universities 15 oct 2023 at 10 09 posted in politics society comments off on woke cancel culture a threat to our universities philosophy professor kathleen stock has been actively engaged in ongoing discussions about gender identity and transgender issues for a long time in these discussions she has expressed scepticism and concern about certain aspects of transgender ideology particularly in relation to gender identity and its implications for women s rights and spaces stock has argued that the concept of gender identity erases the significance of biological sex and undermines women s rights and experiences she has specifically raised concerns about the potential consequences of self identification based on gender particularly in relation to women s spaces such as shelters and changing rooms stock suggests that women may be at risk if individuals are allowed access solely based on self identified gender stock has repeatedly emphasized that she supports the fight for rights and protection from discrimination against transgender individuals and that it is important to respect the rights of both transgender individuals and women despite this some commentators such as political theory doctor clara sandelind in the swedish newspaper sydsvenskan choose to describe her views as transphobic sandelind s defence of cancel culture concludes that it is completely acceptable to not invite stock as a speaker at universities because the oppression of transgender individuals would thereby be reduced to an academic dispute goodness gracious and one has to read this in 2023 it leaves one dumbfounded and for many reasons stock is not alone in facing these types of accusations many feminist academics in the uk and elsewhere are denied platforms at universities due to allegations of having trans exclusionary feminist views this has become a prominent part of the escalating conflicts between transgender individuals and feminists worldwide in recent years as a result of these heated campaigns and denial of pl...