Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
They say that that particular bit of conventional wisdom is particularly widespread among economist, who should be the ones more familiar with the facts, such as
According to the OECD's 1999 evaluation of EPL, "the basic finding appears robust: overall unemployment is not significantly related to EPL strictness". The OECD's conclusion was reaffirmed in 2006 in what is perhaps the most careful test of its kind to date".
Now, does the OECD also advocate relaxing EPL as a policy in order to improve unemployment, and does the OECD qualify as an economic science or an economic propaganda outlet?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Apr 26th, 2006 at 01:05:45 PM EST
[ Parent ]
The OECD leans towards the propaganda outside of their statistics dept. And even then ... the discussion of the weighing of EPL strictness is interesting and explains some of my confusion when I was reading those definitions.
by Colman (colman at eurotrib.com) on Wed Apr 26th, 2006 at 01:13:43 PM EST
[ Parent ]
The OECD is a big set-up producing different kinds of work that do not always fall conveniently into what could be called a "line". In general, it pleads for "business-friendly" practices, and one of its productions to that end is an EPL index ranking countries according to their EPL-ness (ranking that the authors of this piece criticize).

Is the OECD science or propaganda? You tell me.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Apr 26th, 2006 at 01:21:36 PM EST
[ Parent ]
From my conversations with Economics graduate students a couple of years ago it was also hard to figure out whether academic economics was science or propaganda.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Apr 26th, 2006 at 01:31:27 PM EST
[ Parent ]

Display:

Top Diaries

Occasional Series