Tags: econometrics

Marginalist Microeconomics: The Path to Totalitarian Tyranny

May 19th, 2017
in history, macroeconomics

Kevin Hoover, although not generally well-known in Post-Keynesian circles, is easily one of the most interesting economists writing on epistemology and ontology today. more »

Proud to Be a Nihilist: Bill Mitchell on Econometrics and Numerical Prediction

December 3rd, 2016
in macroeconomics

Someone said to me a while back: “Phil, you are always railing against econometrics but some of the MMT guys and quite a few Post-Keynesians maintain that these techniques are useful and valid”. more »

Econometraps: The Repetition of a Major Confusion in Six Major Econometrics Textbooks

May 27th, 2016
in macroeconomics

In the recent issue of the Real World Economics Review there was a rather interesting, if somewhat dense, article by Judea Pearl and Bryant Chen entitled Regression and Causation: A Critical Examination of Six Econometrics Textbooks. Lars Syll, who was earlier sent the paper, has weighed in more »

The USA Has an Almost Healed and Improving Economy????

Written by Steven Hansen Most realize something is broken in the current economy - and it is aggravating to listen to the litany of "information" pumped out in the media. The Fed continues to talk up the economy and continue to dangle the prospect of… more »

Interest Rate Hike Coming? The Economy Says No. Does It Even Matter?

August 15th, 2015
in aa syndication, weekly economic summary

Written by Steven Hansen In March I penned The Fed Is Scared and Will Not Raise Rates Anytime Soon. It is now five months later and a lot of smart people say the Federal Reserve will begin to hike the zero bound federal funds rate in their September,… more »

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