Last week, two major wage data releases came out from the Australian Bureau of Statistics. On Wednesday (February, 24, 2021), the – Wage Price Index, Australia – which was followed on Thursday (February 25, 2021)…
Chicago economics — the triumph of empty formalism
from Lars Syll Vielleicht ist diese Grundperspektive der radikalen Trennung von Form und Gehalt hilfreich, einige zunächst überaus paradoxe Äußerungen von Lucas etwas zu erhellen. Erinnert man sich der Forderungen von Lucas, die Makroökonomik zwingend…
The Weekend Quiz – February 27-28, 2021 –…
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then…
To prevent the resurgence of the pandemic, can…
from Dean Baker As the vaccination campaign picks up steam, we have many public health experts warning us about a possible resurgence of the pandemic due to the spread of new vaccine-resistant strains. The logic…
The Weekend Quiz – February 27-28, 2021
RSS feed billy blog MMT Macroeconomics Textbook – March 2019 Now available for purchase – For details. 2017 book Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World Co-authored with Thomas Fazi.…
Sameness is just wrong
from Peter Radford There is something truly odd about any economist who lives wholly in the world of equilibrium. Truly odd. Just think of what they have to assume to get there: The first step is…
The leap of generalization
from Lars Syll Statistician Andrew Gelman has an interesting blogpost up on what inference in science really means: I like Don Rubin’s take on this, which is that if you want to go from association to causation,…
Some historical thinking about the Job Guarantee
I noted yesterday that I was appearing at a Seminar via Zoom with my MMT colleague, Pavlina Tcherneva, where we will discuss the concept of a social contract and where Modern Monetary Theory (MMT) fits…
The Great Lockdown: A WEA online conference – 15th…
This conference is open for submissions SUBMIT YOUR PAPER Aims of the conference The advent of the global Covid-19 crisis created new challenges for businesses, workers, and policymakers. Their outcomes have transforming implications for all…
The war against scientific economics continues
Home > Uncategorized > The war against scientific economics continues The war against scientific economics continues From the AFEE (Association for Evolutionary Economics): February 24, 2021 Subject: An Open Letter Regarding a Proposal to Dismiss 145 Faculty…