Category Archives: Economics

The catch-all category for my blogs reflecting my professional expertise as a full professor of economics.

Australian PBO – hard to take seriously – is it vaudeville or what?

The Australian government is currently engaging the population in an agonising discussion about taxation reform and proposed spending cuts. It is almost vaudeville when the Treasurer, or the Opposition Shadow Treasurer or some business leader gets up and gives us … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 25 Comments

Listening to past Treasurers is a dangerous past-time

On January 23, 2016, a former Australian Treasurer Peter Costello (1996-2007) gave a speech to the Young Liberals (the youth movement of the conservative party in Australia) – Balanced Budgets as a Youth Policy – which was sad in the … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 21 Comments

The urban impact of the failure of austerity

I use the descriptor ‘failure’ in a selective way, although it is probably the meaning that that vast majority of citizens would ascribe to the term. In this context, I’m thinking that successful policy improves the lives of the most … Read the rest of this entry »

Posted in Britain, Demise of the Left, Economics, UK Economy, US economy | 22 Comments

Exchange rate movements and exports

There was an article a few weeks ago purporting to show that public deficit expansion (increased net public spending) has never worked. I won’t link to the article because I would not want the magazine to get any advertising revenue … Read the rest of this entry »

Posted in Canada, Economics, Eurozone | 16 Comments

The government really is instrumental in creating growth

Sometimes one reads a press article that is so obviously misleading that it is hard to know where to start with it. But perhaps the conclusion is the best place to start sometimes. Such is the case of a Bloomberg … Read the rest of this entry »

Posted in Economics | 10 Comments

Europe’s future is bleak with an ageing population and policy failure

I read an interesting article that was published on December 18, 2015 by the Center for Global Development, which is one those centrist-type research and advocacy organisations that lean moderately to the right on economic matters. The article – Europe’s … Read the rest of this entry »

Posted in Economics, Eurozone | 8 Comments

Currency-issuing governments have unlimited financial resources to fight recession

The elites are gathering for another junket aka the World Economic Forum, in the frosty, but salubrious surrounds of Davos this week (January 20-23, 2016). The Monday morning temperature there is forecast to be -22°C. According to the Forum’s Home … Read the rest of this entry »

Posted in Economics | 19 Comments

The mass consumption era and the rise of neo-liberalism

I was having a talk with a friend in San Francisco last Monday about globalisation and the capacity of the state, which is the topic of the upcoming book I am working on (manuscript due around May 2015). He made … Read the rest of this entry »

Posted in Demise of the Left, Economics | 35 Comments

Mental illness and homelessness – fiscal myopia strikes again

Yesterday, as I was going about my business in San Francisco, I passed a man lying in the gutter outside the Westfield Centre on Market Street (the swish multilevel shopping complex with some expensive label stores), who was poorly dressed, … Read the rest of this entry »

Posted in Economics, US economy | 25 Comments

British floods demonstrate the myopia of fiscal austerity

Last year (June 10, 2015), I wrote a blog – The myopia of fiscal austerity – which in part recalled my experiences as a PhD student at the University of Manchester during the Thatcher years. I noted that during my … Read the rest of this entry »

Posted in Britain, Economics, UK Economy | 10 Comments