It was nice to see William Jefferson Clinton’s succinct summarisation of the same argument I myself tried to do with the VE² equation: ““We simply cannot afford to give the reins of government to someone who will double down on trickle down,” Mr. Clinton said, repeatedly bringing the crowd at the Democratic convention to its…
Den fria marknadens absoluta ofelbarhet eller one size never fits all
När man diskuterar privatisering eller avreglering avslutas ofta meningsutbytet med att den fria marknaden med dess påstådda fria val alltid är så mycket bättre än varje annat alternativ. Det är sant i de allra flesta fall. Om allt annat lika är marknadsmekanismen att föredra framför statlig reglering. Den negativa friheten trumfar oftare den positiva än…
Economics in Denial
Howard Davies har en bra artikel på Project Syndicate om den ekonomiska vetenskapens oförmåga att ta till sig ny information, Economics in Denial: “These are fertile fields for future study, 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…
Voodoo Economics Squared
With Paul Ryan as Mitt Romney’s vice-presidential candidate the GOP is doubling down on the neoclassical dogma that was popularized by Ronald Reagan more than thirty years ago. It has since been tried, tested and thoroughly debunked. It’s central piece of argument, that tax cuts will, by some magic will of it’s own, pay for…
Shiller’s FiveBooks Interview
The Browser har gjort en FiveBooks Interview med Robert Shiller och han har som vanligt mycket intressant att säga. De fem böcker han framhåller är: Adam Smith’s Theory of Moral Sentiments The Passions and The Interests: Political Arguments for Capitalism Before its Triumph – Albert O. Hirschman Nudge – Richard H Thaler and Cass Sunstein Fault Lines – Raghuram…