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Real-World Economics Review Blog

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Economy

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Real-World Economics Review Blog

03.09.2025

The many publications of Lisa Cook, economic historian. | Real-World Economics Review Blog

Chris Brunet (male, white), who advertises himself as an ´independent investigative journalist´, did an embarrassingly bad job investigating the number of publications of Lisa Cook (member of the board of the US central bank, female, black). The proverbial ´1 minute on the internet´ would have saved him the embarrassment. Based on distinctly incomplete data, he…

Real-World Economics Review Blog

05.09.2025

The Road Not Taken | Real-World Economics Review Blog

from Lars Syll Had the whole discipline catastrophically misunderstoodKeynes’ deeply revolutionary ideas? We heterodox economists, who have chosen the road less travelled, are acutely aware of its costs: fewer opportunities for ample research funding or positions at prestigious institutions. Yet, I suspect few of us truly regret our choice. One does not bargain with one’s…

Real-World Economics Review Blog

12.09.2025

Trump is raising unemployment: He wants a new scorekeeper | Real-World Economics Review Blog

from Dean Baker When a football team keeps losing, the cry usually goes out for a new coach, or at least a new quarterback. Alternatively, there is the Trump route: Get a new scorekeeper. That is apparently the story, with Trump reportedly looking to overhaul the Bureau of Labor Statistics (BLS), the statistical agency that…

Real-World Economics Review Blog

16.09.2025

Econometrics — the hope that never came true | Real-World Economics Review Blog

from Lars Syll In 1958, with the publication of the twenty-fifth volume of Econometrica, Trygve Haavelmo assessed the role of econometrics in advancing economics. While he praised its ‘repair work’ and ‘clearing-up work,’ he also found reason for despair: We have found certain general principles which would seem to make good sense. Essentially, these principles are based on…

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