Review of LEI papers
15.02.2012: A critical review comment on LEI Wageningen University work on commodity prices and the role of speculation.
The reviewed work by Gerdien W. Meijerink and Karl Shutes is not as scientific as they themselves call for. As the comment demonstrates, selective use of literature, misinterpretations, conclusions not justified by the sources, and lack of (own) quantitative evidence are amongst the shortcomings their work has. It is annoying that such papers, which are one-sided, claim to be the scientific truth while, particularly in the last years, the scientific debate has moved considerably.