Category Archives: despotic academia

The Dilemma of Probability Theory (Wonkish)

The dilemma of probability theory (wonkish) February 1, 2014EditorLeave a commentGo to comments from Lars Syll Modern neoclassical economics relies to a large degree on the notion of probability. To at all be amenable to applied economic analysis, economic observations allegedly have to … Continue reading →

Posted in despotic academia, ECONOMIC DEVELOPMENT AND SUSTAINABILITY, Full SPECTRA Dominance, HOW TO LIE WITH STATISTICS, Real World Economics | Leave a comment

A New Reinhart and Rogoff Paper Paper: ‘Write Down Those Debts! Now!’

A new Reinhart & Rogoff paper: “Write down those debts! Now!” January 31, 2014merijnknibbeLeave a commentGo to comments Reinhart and Rogoff have written a new paper on financial crises. They are repeating their mantra and I’m very happy to join their chorus: our monetary economies are not inherently … Continue reading →

Posted in despotic academia, ECONOMIC DEVELOPMENT AND SUSTAINABILITY, EPISTEMOLOGY AND SCIENTIFIC METHOD, HOW TO LIE WITH STATISTICS, ideological classrooms, IMPERIAL HUBRIS AND HYPOCRISY, Imperial Impotence, Neoclassical and Neo-liberal Economics, POLITICAL ECONOMY OF IMPERIALISM, Real World Economics, rise and fall of empires | Leave a comment