Lars P Syll (@LarsPSyll) profile picture

Lars P Syll

@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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Photo by Lars P Syll (@LarsPSyll)Photo by Lars P Syll (@LarsPSyll)
The Prize Committee overlooked Sonnenschein-Mantel-Debreu larspsyll.wordpress.com/2026… via @LarsSyll
The Prize Committee overlooked Sonnenschein-Mantel-Debreu

The Prize Committee overlooked Sonnenschein-Mantel-Debreu

Along with the Arrow-Debreu existence theorem and some results on regular economies, SMD (Sonnenschein-Mantel-Debreu) theory fills in many of the gaps we might have in our understanding of general …

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Nu är det dags för studentuppror i Sverige! larspsyll.wordpress.com/2026… via @LarsSyll
Nu är det dags för studentuppror i Sverige!

Nu är det dags för studentuppror i Sverige!

Svenska högskolestudenter, oavsett utbildning, har betydligt färre undervisningstimmar än genomsnittet i Europa. Lärarutbildningen tillhör de utbildningar som har minst … Undervisningen minsk…

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Robert Skidelsky on 'New Keynesian' tweaking larspsyll.wordpress.com/2026… via @LarsSyll
Robert Skidelsky on ‘New Keynesian’ tweaking

Robert Skidelsky on ‘New Keynesian’ tweaking

The problem for New Keynesian macroeconomists is that they fail to acknowledge radical uncertainty in their models, leaving them without any theory of what to do in good times in order to avoid the…

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Det finns inga gratisluncher -- eller gratis skattesänkningar larspsyll.wordpress.com/2026… via @LarsSyll
Det finns inga gratisluncher — eller gratis skattesänkningar

Det finns inga gratisluncher — eller gratis skattesänkningar

Sedan alliansregeringen införde det första avdraget år 2007 har jobbskatteavdraget varit det primära verktyget för den som vill sänka skatten för löntagare. Avdraget som syns först i din deklaratio…

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Sverige och kärnkraften larspsyll.wordpress.com/2026… via @LarsSyll
Sverige och kärnkraften

Sverige och kärnkraften

Sedan 2022 har vi en regering som hyllar kärnkraften som helt miljösäker, ”grön”, en snabb fix av en eventuell klimatkris. Därför ska lönsamheten nu planekonomiskt garanteras av staten genom cement…

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Debt-deflation theory larspsyll.wordpress.com/2026… via @LarsSyll
Debt-deflation theory

Debt-deflation theory

In his End This Depression Now, Paul Krugman argues that “there’s a good reason why old books are back in vogue” and that “arguably the most important thinking” among economists “has been a renewed…

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What is a statistical model? larspsyll.wordpress.com/2026… via @LarsSyll
What is a statistical model?

What is a statistical model?

My critique is that the currently accepted notion of a statistical model is not scientific; rather, it is a guess at what might constitute (scientific) reality without the vital element of feedback…

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Financial Instability larspsyll.wordpress.com/2026… via @LarsSyll
Financial Instability

Financial Instability

The recurring pattern in financial crises is more or less the same. For some reason, a shift occurs in the economic cycle (such as war, innovation, new regulation, etc.) that leads to changes in th…

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Vive la dette publique! larspsyll.wordpress.com/2026… via @LarsSyll
Vive la dette publique!

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

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 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

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?

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

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

‘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

‘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

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

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

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

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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