challenges – attempts to move forward

05/05/17 Attributed to Johann Caspar Lavater, the words Those who do not strive to move forward, are not taking themselves seriously are at the House of Science in Bremen. It is the venue of yesterday’s symposium to honour Rudolf Hickel. The symposium is aiming on addressing the Herausforderungen für Politik und ökonomische Wissenschaft im 21. … Continua a leggere

“New Economics”

A standard definition of participation rate defines it as measure of the active portion of an economy’s labor force, namely those who are employed or actively looking for employment. Now, some students came up with a participation rate higher than 100 % – first I thought it is absurd, but then I considered that it may be a … Continua a leggere

The Devil, the Detail and the Devil’s Home

It is often said that the devil can be found in the detail – and this is not contest here as general rule. However, we should never forget to think about the place where the devil can be found, namely the devil’s home. The Council of the Economic Advisors is looking in an issue brief … Continua a leggere