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

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  • 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
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    References listed on IDEAS

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    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. 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, September.
    3. Gudrun Johnsen, 2014. "Bringing Down the Banking System," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-34735-0, May.
    4. Nolan, Brian & Whelan, Christopher T., 2011. "Poverty and Deprivation in Europe," OUP Catalogue, Oxford University Press, number 9780199588435, Decembrie.
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    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

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