Category Archives: despotic academia
Krugman on Math and Models in Economics
Krugman on math and models in economics November 23, 2013EditorLeave a commentGo to comments from Lars Syll Paul Krugman had a post up on his blog a while ago where he argued that “Keynesian” macroeconomics more than anything else “made economics the model-oriented field it … Continue reading
We Need Economic Theories Fit For the Real World
Orthodox economists have failed their own market test Students are demanding alternatives to a free-market dogma with a disastrous record. That’s something we all need. Ha-Joon Chang, one of the last surviving independent economists at Keynes’s Cambridge: ‘The supporters of … Continue reading
Transmogrification of Truth in Economics Textbooks: Expected Utility Theory
Transmogrification of truth in economics textbooks — expected utility theory November 19, 2013EditorLeave a commentGo to comments from Lars Syll Although the expected utility theory is obviously both theoretically and descriptively inadequate, colleagues and microeconomics textbook writers all over the world gladly … Continue reading
On the Ideological Hegemony and Folly of “Mainstream” Economics
Simon Wren-Lewis’s attempt at rescuing rational expectations — an unmitigated failure November 11, 2013EditorLeave a commentGo to comments from Lars Syll If at some time my skeleton should come to be used by a teacher of osteology to illustrate his lectures, will … Continue reading
Economics After the Crash
Economics students revolt against being force-fed with neoclassical mumbo jumbo November 6, 2013EditorLeave a commentGo to comments from Lars Syll The world has changed, the syllabus hasn’t – is it time to do something about it? Rethinking Economics is a network of young … Continue reading