This is so bad I’m wishing Robbie Williams came back on…
Paulo L dos Santos
@plbds.bsky.social
Political Economist, often mathematically. Associate Professor of Economics @NSSRnews. Formerly @SOASeconomics. Thinking Marxist of some sort. #InformationTheory. Money and Contemporary Finance. https://www.newschool.edu/nssr/faculty/paulo-dos-santos/
If you're worried that Bayesian priors introduce arbitrary elements into statistical analysis, wait until you hear about the choice of null hypotheses, models, and the presumption of "iid" generative processes...
I’m still waiting for my 2008 bailout…
Ron Filipkowski@ronfilipkowski.bsky.social · 3mo agoIf you are waiting for huge corporations to pass along the tariff refunds they are about to get from the government to consumers who bought tariffed products, you haven’t been paying much attention to the way things work in this country.
Behold the informed “uninformative” prior! Or is it the “uninformative” informed posterior?
Commodity-fetishist interpretations of Marx’s writings on money have left many either longing for a return to convertibility, or making facile arguments about inconvertibility being the main source of all monetary and financial instability over the last 50 years…
Sharon 🪳🌹@sharonk.bsky.social · 3mo agoremembering the time i got in a fight with someone who managed to leftpost their way into wanting the gold standard back
Turns out the cat was not the strangest of Schrödinger’s things
El problema fundamental es que el mundo esta lleno de Susanitas y Manolos que creen ser Mafaldas.
Anybody else out there in an editorial board for an Elsevier journal being asked to sign a contract with the company that stipulates a number of obligations and waivers of rights on the editors and obliges Elsevier to nothing? I'm really not inclined to sign.
For the kids in the back who may have had trouble with the first post....
Paulo L dos Santos@plbds.bsky.social · 4mo agoThe most remarkable feature of economic reality is how neatly it configures itself as homogeneous linear effects of observables on mean outcomes, with all latent heterogeneity and interaction structures reducing themselves to sufficiently well-behaved error terms. 🙄 #EconSky
The most remarkable feature of economic reality is how neatly it configures itself as homogeneous linear effects of observables on mean outcomes, with all latent heterogeneity and interaction structures reducing themselves to sufficiently well-behaved error terms. 🙄 #EconSky
Marx failed to consider that a man’s deep sense of inadequacy can shape world events.
When I first saw this video years ago I thought it was a funny illustration of differences in culinary cultures. I saw it again earlier today and realised it is a hilarious illustration of fundamentally different ontological takes on the relationship between parts and wholes... #EconSky
CAPITAL GOODS ARE PRODUCTS OF LABOUR, DRAWING ON OUR PHYSICAL ENVIRONMENT! Thank you for coming to my TedTalk
People underestimate how the very title “Production of Commodities by Means of Commodities” is a comprehensive rejection of fundamental Walrasian takes on scarcity, “capital,” and factor incomes. Maybe a subtitle “bruh, capital goods are products of labour” would have helped. #EconSky
With everything else going on, I almost forgot to share the new, relaunched website for the Department of Economics at the NSSR. We are a small department committed to a pluralist, critical, and technically rigorous approach to economic analysis. #EconSky www.newschool.edu/nssr/economi...
Celebrate the 250 years since the publication of Adam Smith's "The Wealth of Nations" with his observation that profits are a deduction from the product of labour, grounded on the fact that workers do not have direct access to the materials of their work. #EconSky
No fim das contas, a crise ecológica meio que comprova: estamos num jogo zero; existe um fundo de baixa entropia e a competição é quem consegue usar até a coisa ficar ruim
The Reuters-Ipsos poll showing only one quarter of US respondents supporting attacks on Iran was carried out BEFORE the Trump administration announced the first deaths of US troops. aje.news/ydm2xf
Poll suggests only a quarter of Americans support attacks on Iran
US lawmakers heap pressure on Trump following the first US soldier deaths after Khamenei's killing.
aje.news
Pretty sure it was not by multiplying the number of highly paid administrators, pilling on real-estate investments, burning money on coaches, or adopting the worst aspects of contemporary corporate management… giftarticle.ft.com/giftarticle/...
How China’s universities joined the global elite
Investment by Beijing has transformed the country’s institutions despite lingering questions about research quality and intellectual freedom
giftarticle.ft.com
The AI boom appears to be part dotcom bubble, part Theranos hype, and part WorldCom accounting. What could possibly go wrong?? ! #EconSky giftarticle.ft.com/giftarticle/...
Moody’s alert cites gap in data centre accounting for Big Tech companies
Accounting limitations mean tens of billions in liabilities may be concealed for leasing costs
giftarticle.ft.com
Conflate money value added per hour with labour productivity, include sectors whose “value added” involves what is better understood as transfers, and teach it for long enough to make it all seem normal, and you get this kind of assessment…#EconSky
The closing phrase about a 5yo citizen is so disturbing and telling. We’re well and truly in an environment where the words spoken by regime supporters don’t have to make logical sense. They just need to invoke the desired sense of “us versus them” to be effective.
Aaron Rupar@atrupar.com · 6mo agoGonzales on Liam Ramos and his family: "They're not gonna qualify for asylum. So what do you do with all the people that go through the process and do not qualify for asylum? You deport them. I understand that 5-year-old and it breaks my heart. I also think, what about that 5-year-old US citizen?"
A desperate plea sent to me by a Minneapolis resident who's been on the front lines since the beginning of the ICE occupation:
The media moved on when trump said he had a new tone because as the constitution states the president is the editor in chief of all news outlets
Marisa Kabas@marisakabas.bsky.social · 6mo agoA desperate plea sent to me by a Minneapolis resident who's been on the front lines since the beginning of the ICE occupation:
@publicseminar.bsky.social @elizabethcooper.bsky.social @plbds.bsky.social @avgevork.bsky.social My latest @washspectator.bsky.social piece-- on Trump's tariff/trade policy. Enjoy! washingtonspectator.org/tariff-man-t...
Tariff Man Tumbles, Fumbles and Bumbles on Trade | Washington Spectator
When it comes to economics, we know two things about Donald Trump. He is obsessed with the US trade deficit. And he thinks tariffs, or import taxes, will solve the trade deficit problem.
washingtonspectator.org
Jew in Amsterdam here. Please use Anne Frank as a comparison point to explain how state persecution of scapegoats impacts children, that is the point of her example, thanks
USA TODAY@usatoday.com · 6mo agoThe Minnesota governor is getting widespread criticism for comparing children dealing with immigration enforcement to Holocaust victim Anne Frank.
ICE agents are using an app developed by Palantir that draws on the health records of millions of Americans to find and detain illegal immigrants www.bmj.com/content/392/...
