@LarsPSyll

Emeritus Professor at Malmö University. Primary research interest - the philosophy, history and methodology of economics.

 Sweden
larspsyll.wordpress.com
Joined April 2012
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Vive la dette publique! larspsyll.wordpress.com/2026… via @LarsSyll

Vive la dette publique!

Une des erreurs fondamentales dans le débat actuel sur la dette publique et le déficit budgétaire est de ne pas distinguer entre différents types de dettes. Même s’il est vrai qu’à l’échelle macroé…

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The 'natural' rate of interest -- a costly fallacy larspsyll.wordpress.com/2026… via @LarsSyll

The ‘natural’ rate of interest — a costly fallacy

Woodford’s work is based on the idea that there is a ‘natural’ rate of interest where desired investment in new structures, equipment and technology matches desired saving by households and firms i…

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The Microfoundations Delusion larspsyll.wordpress.com/2026… via @LarsSyll

The Microfoundations Delusion

The 2026 ‘Nobel Prize’ in Economics was awarded to Robert E. Hall and Michael Woodford explicitly for ‘the microeconomic foundations of macroeconomic stabilisation’. Their ‘New Ke…

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Beyond the pretence of 'Nobel Prize'-winning models larspsyll.wordpress.com/2026… via @LarsSyll

Beyond the pretence of ‘Nobel Prize’-winning models

What does concern me about my discipline, however, is that its current core — by which I mainly mean the so-called dynamic stochastic general equilibrium approach — has become so mesmerized with it…

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What would an MMT government do? larspsyll.wordpress.com/2026… via @LarsSyll

What would an MMT government do?

If we really had a government that understood Modern Monetary Theory (MMT), one of the more important policy proposals I would make is that central banks’ so-called ‘independence’ must come to an e…

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The minimum-wage debate larspsyll.wordpress.com/2026… via @LarsSyll

The minimum-wage debate

In Stephen Toulmin’s classic account of argumentation, a warrant is the principle or assumption that connects evidence to a claim. It answers a specific question — why do these grounds suppor…

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'Nobelpriset' i ekonomi 2026 larspsyll.wordpress.com/2026… via @LarsSyll

‘Nobelpriset’ i ekonomi 2026

I dagens Starta pressarna intervjuas yours truly om årets ‘Nobelpris’ av Katalys chefsekonom Max Jerneck:

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'Nobel Prize' models -- unsellable and totally useless larspsyll.wordpress.com/2026… via @LarsSyll

‘Nobel Prize’ models — unsellable and totally useless

This year’s ‘Nobel Prize’ in economics goes to two American economists for developing micro-founded ‘representative agent’ DSGE models. The Prize Committee writes: This year’s laureates in the econ…

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Economics, realism and reality larspsyll.wordpress.com/2026… via @LarsSyll

Economics, realism and reality

I cannot get enthused by Mäki’s concern to see what can be justified in contemporary formalistic modelling endeavours. The insights, where they exist, seem so obvious, circumscribed, and tagged on …

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Pernilla Ströms humbug om miljardärskatten larspsyll.wordpress.com/2026… via @LarsSyll

Pernilla Ströms humbug om miljardärskatten

Debatten om en miljardärskatt har på senare år intensifierats i takt med att ojämlikheten vuxit både här hemma och i världen runt omkring oss. En miljardärskatt kan generera betydande skatteintäkte…

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Analytical marxism larspsyll.wordpress.com/2026… via @LarsSyll

Analytical Marxism

Perhaps the most striking application of hyper-rationality occurs in Analytical Marxism, whose doctrines were outlined clearly and concisely by its leading philosopher Gerald Cohen … It is an…

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DSGE models -- a terrible failure larspsyll.wordpress.com/2026… via @LarsSyll

DSGE models — a terrible failure

Frank Hahn, writing in the 1960s and 1970s, posed an apparently disarmingly simple question: how can money — intrinsically worthless printed paper — possess value in a perfectly competi…

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In memory of Anwar Shaikh (1945-2026) larspsyll.wordpress.com/2026… via @LarsSyll

In memory of Anwar Shaikh (1945-2026)

As a young stipendiary researcher in the US in the early 1980s, yours truly remembers reading several of Anwar Shaikh’s articles on the poverty of neo-Ricardian economics, the laws of production, a…

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The nature of axioms in economics larspsyll.wordpress.com/2026… via @LarsSyll

The nature of axioms in economics

One reaction one often gets when criticising mainstream economic theory is that its starting point — the axioms on which one builds one’s inferences — cannot be criticised for not being…

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No Mass Exodus -- A Wealth Tax Won’t Make the Rich Flee larspsyll.wordpress.com/2026… via @LarsSyll

No Mass Exodus — A Wealth Tax Won’t Make the Rich Flee

The debate on a billionaire tax has intensified in recent years as inequality has grown both here at home and around the world. A billionaire tax could generate significant tax revenues that could …

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The purpose of studying economics larspsyll.wordpress.com/2026… via @LarsSyll

The purpose of studying economics

Post by @LarsSyll.

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What -- really -- is knowledge? larspsyll.wordpress.com/2026… via @LarsSyll

What — really — is knowledge?

The standard definition of knowledge is that it must be justified true belief. For someone to know something (1) the person must believe that something is the case, (2) what the person believes mus…

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Hegel's concept of 'totality' larspsyll.wordpress.com/2026… via @LarsSyll

Hegel’s concept of ‘totality’

Sometimes it is interesting to go back and scrutinise one’s own intellectual development over half a century. One way of doing this is to re-read books that once influenced one a great deal, …

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The efficient market hypothesis -- pseudoscientific mumbo-jumbo larspsyll.wordpress.com/2026… via @LarsSyll

The efficient market hypothesis — pseudoscientific mumbo-jumbo

The efficient market hypothesis — EMH — argues that there is no free lunch and that prices are ‘right’. Well, as we all know, that is not true. Noise does influence asset pr…

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Antisemitism och partipolitiska sympatier larspsyll.wordpress.com/2026… via @LarsSyll

Antisemitism och partipolitiska sympatier

Avslutningsvis redovisar figur 6.3a och 6.3b i vilken utsträckning politiska partisympatier kan relateras till de tre antisemitismindexen … I samtliga analyser utgör sympatisörer till Sociald…

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