Tag Archives: Niels Thygesen

When ”failure” in economics is ”success” and vice versa?

This post fully lives op to the mantra of the blog, as it contains a lot of “stochastic ramblings” (a nod to Greg Mankiw’s mantra of “random observations”). “Stochastic” as I wander unplanned around important subjects on the developments of economic sciences, and “ramblings” as most of it is scientifically unsubstantiated talk with little coherency, which just emerge from my gut. You have been warned. The backdrop of the following is a festive occasion. An occasion I am truly and deeply happy about. The Institute of New Economic Thinking (INET), which is partly funded by George Soros, has given a grant to establish a center on Imperfect Knowledge Economics (IKE) … Continue reading

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