Author Archives: pietkeizer46
BEHAVIOURAL ECONOMICS, A METHODOLOGICAL ACCOUNT
Behavioural Economics, A Methodological Account Introduction Behavioural economics is a combination of behavioural and cognitive psychology on the one hand, and empirical economics on the other. Both strands are weak in theory and strong in empirics. Therefore in combination they … Continue reading
Why the Germans are NOT right about economics
In his article “Why the Germans are right about economics” in the Financial Times Gideon Rachman considers economics as part of ethics. He refers to Smith, Marx and Hayek to illustrate this view. Until the crisis of 2008 mainstream economics … Continue reading
Posted in Geen categorie
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IS THERE AN ALTERNATIVE TO THE NEOLIBERAL STRATEGY?
Is There An Alternative To the Neoliberal Strategy? Dr. Piet Keizer, Associate Professor of Economic Methodology, Utrecht University School of Economics, November, 2017 There may be a time when we are powerless to prevent injustice, but there must never be … Continue reading
HAYEK, KEYNES, AND FRIEDMAN ABOUT THE EUROZONE
Hayek, Keynes and Friedman about the Crisis in the Eurozone Introduction The financial crisis of 2008 pushed the world economy into a depression. After a year or so many economies, such as those of the BRIC-countries, recovered; the eurozone, however, … Continue reading
The Brexit-issue is not that important
The Brexit-issue is less important than most economists think Most economists assume that the British referendum about Brexit is a historic moment; an issue that might change the course of European history. I think they exaggerate its importance. Of course, … Continue reading
Posted in Economy And Society, European Economy
Tagged brexit, cultural homogeneity, culture, immigration, integration
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The German Monetary Trauma is Terrorizing the Eurozone
The German Monetary Trauma is Terrorising the Eurozone Introduction De eurozone shows a level of unemployment, which is too high for a long period of time already (about 10% on average). When introducing the euro politicians limited the possibilities to … Continue reading
Posted in European Economy
Tagged eurozone, Friedman, Hayek, irrationaliteit., Keynes, monetary trauma
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Maurice Obstfeld as the New Chief-economist of the IMF – What Can We Expect From Him?
Maurice Obstfeld as the new Chief Economist of the IMF – what can we expect from him? Introduction In the period 2006-2008 the IMF was confronted with its most serious challenge. Previous problems were all local, and the task of … Continue reading
Posted in Economy And Society, Multidisciplinairy Economics
Tagged capital controls, exchange rate rigime, homo oeconomicus, internationa finance, international macroeconomics, monetary independence, multidisciplinary economics, neoclassical thinking, post-Keynesian economics, radical economics
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GREECE AND DEMOCRACY
GREECE AND DEMOCRACY The Greek people are proud of being the inventors of democracy. This concept refers to self-governance on all levels of society. At the moment the economic problems are very difficult to solve, and society is at the … Continue reading
Piet Keizer on the Bump, Bust, Bump Movie
Piet Keizer on the Bumb, Bust, Bump movie Tuschinski Theater, Amsterdam Tuesday 26 may, 16.00 h. première! The movie is about the incapability of neoclassically educated economists to foresee the financial crisis 2008, and it deals with the problems of … Continue reading
ECONOMICS AS AN (IN)DEPENDENT SCIENCE
ESSAYS IN MULTIDISCIPLINARY ECONOMICS, NO.2 Economics as an (In)dependent Science Introduction Science has always been heavily influenced by the ideologies and interests of people. Although this phenomenon is unavoidable, it makes sense to reduce it as much as possible. When … Continue reading
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