IDEAS home Printed from https://ideas.repec.org/a/ejw/journl/v14y2017i3p399-429.html
   My bibliography  Save this article

From Political Advocacy to 'Alternative Facts': A Comment on Hannes Gissurarson's Method

Author

Listed:
  • Stefán Ólafsson

Abstract

Hannes H. Gissurarson has been very active in political advocacy in Iceland, spreading laissez-faire libertarianism or market fundamentalism. Gissurarson’s aim in his present paper is to glorify the reform program that his ideological companion Davíð Oddsson embarked on between 1991 and 2004. Gissurarson also directs his missiles at two of many critics of their neoliberal experiment. I am one of these two. Gissurarson repeats here a number of spins and criticisms that he has directed at my empirical works over the past 15 years, works inconvenient for Oddsson and his allies. Gissurarson is known to be very aggressive and reckless in his political advocacy. He frequently misrepresents others’ writings, takes comments out of context, ignores academic ethics in debates, and bends statistics and other facts in his favour; that is, he creates ‘alternative facts’ that have no base in reality. That is his method of political advocacy. Thus he credits Oddsson with reforms or changes that he had nothing or very little to do with. Gissurarson has also tried repeatedly to hide inconvenient consequences of the “reform” program, such as increased income inequality, increased tax burden for lower and middle income groups, and greatly lowered tax burden on top incomes. The laissez-faire orientation of Oddsson’s governments facilitated the emergence of an excessive bubble economy, which led to a collapse of Iceland’s financial system, with massive costs for ordinary households and the state.

Suggested Citation

  • Stefán Ólafsson, 2017. "From Political Advocacy to 'Alternative Facts': A Comment on Hannes Gissurarson's Method," Econ Journal Watch, Econ Journal Watch, vol. 14(3), pages 399–429-3, September.
  • Handle: RePEc:ejw:journl:v:14:y:2017:i:3:p:399-429
    as

    Download full text from publisher

    File URL: https://econjwatch.org/File+download/1034/OlafssonSept2017.pdf?mimetype=pdf
    Download Restriction: no

    File URL: https://econjwatch.org/1093
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "A Decade of Debt," Central Banking, Analysis, and Economic Policies Book Series, in: Miguel Fuentes D. & Claudio E. Raddatz & Carmen M. Reinhart (ed.),Capital Mobility and Monetary Policy, edition 1, volume 18, chapter 4, pages 97-135, Central Bank of Chile.
    2. Gudrun Johnsen, 2014. "Bringing Down the Banking System," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-34735-0, December.
    3. Nolan, Brian & Whelan, Christopher T., 2011. "Poverty and Deprivation in Europe," OUP Catalogue, Oxford University Press, number 9780199588435, Decembrie.
    4. Ásgeir Jónsson & Hersir Sigurgeirsson, 2016. "The Icelandic Financial Crisis," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-1-137-39455-2, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sigríður Benediktsdóttir & Gauti Bergþóruson Eggertsson & Eggert Þórarinsson, 2017. "The Rise, Fall, and Resurrection of Iceland: A Postmortem Analysis of the 2008 Financial Crisis," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(2 (Fall)), pages 191-308.
    2. Ilari Ilmakunnas & Lauri Mäkinen, 2021. "Age Differences in Material Deprivation in Finland: How do Consensus and Prevalence-Based Weighting Approaches Change the Picture?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(2), pages 393-412, April.
    3. Richard Layte & Brian Nolan & Christopher T. Whelan, 2001. "Reassessing Income and Deprivation Approaches to the Measurement of Poverty in the Republic of Ireland," The Economic and Social Review, Economic and Social Studies, vol. 32(3), pages 239-261.
    4. Parolin, Zachary & Schmitt, Rafael Pintro & Esping-Andersen, Gøsta & Fallesen, Peter, 2023. "The Intergenerational Persistence of Poverty in High-Income Countries," IZA Discussion Papers 16194, Institute of Labor Economics (IZA).
    5. Michael Reddell, 2012. "The New Zealand Debt Conversion Act 1933: a case study in coercive domestic public debt restructuring," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 75, pages 38-45, March.
    6. Domokos, László, 2011. "Credibility and Flexibility – Changes in the Framework of Hungarian Public Finances," Public Finance Quarterly, Corvinus University of Budapest, vol. 56(3), pages 291-302.
    7. Andreea Stoian & Filip Iorgulescu, 2016. "The study of public debt: which are the distinctions between the emerging and advanced economies in the European Union?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(1), pages 167-196, February.
    8. Maite Blázquez & Elena Cottini & Ainhoa Herrarte, 2014. "The socioeconomic gradient in health: how important is material deprivation?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(2), pages 239-264, June.
    9. Maite Blázquez Cuesta & Santiago Budría, 2014. "Deprivation and Subjective Well-Being: Evidence from Panel Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(4), pages 655-682, December.
    10. Francesco Passarelli & Guido Tabellini, 2017. "Emotions and Political Unrest," Journal of Political Economy, University of Chicago Press, vol. 125(3), pages 903-946.
    11. Hileman, Garrick, 2012. "The seven mechanisms for achieving sovereign debt sustainability," Economic History Working Papers 42878, London School of Economics and Political Science, Department of Economic History.
    12. Fotis Papadopoulos & Panos Tsakloglou, 2015. "Chronic material deprivation and long-term poverty in Europe in the pre-crisis period," ImPRovE Working Papers 15/16, Herman Deleeck Centre for Social Policy, University of Antwerp.
    13. Dorothy Watson & Christopher T. Whelan & Bertrand Maître & Helen Russell, 2018. "Social Class and Conversion Capacity: Deprivation Trends in the Great Recession in Ireland," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 140(2), pages 549-570, November.
    14. Alexandru Minea & Patrick Villieu, 2010. "Dette publique, croissance et bien-être : une perspective de long terme," Post-Print halshs-00672605, HAL.
    15. Zsolt Darvas & Jean Pisani-Ferry, 2011. "Europe's growth emergency," Policy Contributions 623, Bruegel.
    16. Dumitriu, Ramona & Stefanescu, Razvan, 2013. "External debt management in Romania," MPRA Paper 52475, University Library of Munich, Germany, revised 25 Sep 2013.
    17. Fritz Breuss, 2012. "Towards a New EMU," WIFO Working Papers 447, WIFO.
    18. Beirne, John & Fratzscher, Marcel, 2013. "The pricing of sovereign risk and contagion during the European sovereign debt crisis," Journal of International Money and Finance, Elsevier, vol. 34(C), pages 60-82.
    19. Polito, Vito & Wickens, Mike, 2014. "Modelling the U.S. sovereign credit rating," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 202-218.
    20. Javier Bianchi & Juan Carlos Hatchondo & Leonardo Martinez, 2018. "International Reserves and Rollover Risk," American Economic Review, American Economic Association, vol. 108(9), pages 2629-2670, September.

    More about this item

    Keywords

    Libertarianism; neoliberalism; political advocacy; taxation; inequality; welfare;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ejw:journl:v:14:y:2017:i:3:p:399-429. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jason Briggeman (email available below). General contact details of provider: https://edirc.repec.org/data/edgmuus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.