Monthly Archives: September 2013

A Response to Matheus Grasselli on Probability and Law

Matheus Grasselli has responded once more to one of my posts. The unfortunate part is that he has dragged some other poor souls into the quagmire of misunderstanding and poor reading. I suppose its now on me — having brought … Continue reading

Posted in Statistics and Probability | 13 Comments

Probabilities: Keynesian Legal Versus Bayesian Mathematical

Lars Syll has (once again) directed me to a fascinating piece, this time by John Kay. Kay starts the piece by noting that in a recent legal case in Britain the judge was asked to define the term “beyond reasonable … Continue reading

Posted in Economic Theory, Statistics and Probability | 2 Comments

Marginalist Microeconomics as Authoritarian Poison

“The world itself is the will to power — and nothing else! And you yourself are the will to power — and nothing else!” – Friedrich Nietzsche Lars Syll has directed me to an interesting post by Ole Rogeberg. It … Continue reading

Posted in Economic Theory | Leave a comment

What Do IQ Tests Really Measure?

IQ. What is it all about? In our society it is generally seen as a sort of symbol of social status. So much so that some join groups like Mensa in order to hang out with other high IQ people … Continue reading

Posted in Psychology | 1 Comment

Clarity and Obfuscation in the Use of Mathematics for Economic Reasoning

The Tony Lawson paper discussed on this blog the other day seems already to have begun to cause ripples in the heterodox community. The Real World Economics Review Blog has run a piece by Lars Syll on the paper and … Continue reading

Posted in Economic Theory, Philosophy | 8 Comments

Playing Humpty Dumpty: More on the Definition of “Balance of Payments Crisis”

“When I use a word,” Humpty Dumpty said, in rather a scornful tone, “it means just what I choose it to mean — neither more nor less.” My previous piece on the Kaldorians and their insistence on misusing well-established economic … Continue reading

Posted in Economic Theory | 11 Comments