Category Archives: Economics

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

Bolivia – defiant and prosperous as a result

There was a UK Guardian article yesterday (October 15, 2014) – Evo Morales has proved that socialism doesn’t damage economies – that recounted the recent economic history of Bolivia. There has been growing awareness in the Western press of what … Read the rest of this entry »

Posted in Economics, IMF | 7 Comments

MMT – lacks a political economy?

There was a ‘Guest Editorial’ published on the UK site Renewal last week – Modern money and the escape from austerity – by one Joe Guinan, who lists himself as a Senior Fellow at The Democracy Collaborative and Executive Director … Read the rest of this entry »

Posted in Debriefing 101, Economics, Friends like this | 22 Comments

Friday lay day – ABS funding should be appropriate and access free

Its my Friday lay day blog and my mini-topic today is a left-over from yesterday’s commentary on the latest Labour Force data from the Australian Bureau of Statistics. The last few months data has been very volatile and the ABS … Read the rest of this entry »

Posted in Economics | 3 Comments

The myopia of neo-liberalism and the IMF is now evident to all

The IMF published its October – World Economic Outlook – yesterday (October 7, 2014) and the news isn’t good. And remember this is the IMF, which is prone to overestimating growth, especially in times of fiscal austerity. What we are … Read the rest of this entry »

Posted in Economics, Eurozone, IMF, Japan | 10 Comments

Non-government debt lessons are not being learned

There were two related articles in the Melbourne Age this weekend, a descriptive account of credit card debt vulnerability across Australian households – Default looms for millions of Australians (October 5, 2014), and an attempted analytical piece – If we … Read the rest of this entry »

Posted in Economics | 10 Comments

Direct central bank purchases of government debt

There was a recently published Federal Reserve Bank of New York Staff Report – Direct Purchases of U.S. Treasury Securities by Federal Reserve Banks – by Kenneth D. Garbade, which recounts the way the central bank in the US could … Read the rest of this entry »

Posted in Economics, US economy | 23 Comments

Strong public benefit from tertiary education in Australia

There was an interesting article this morning in the Fairfax press (September 29, 2014) – OECD figures show public benefits more than individuals from tertiary education – which used the recently released – Education at a Glance 2014 – to … Read the rest of this entry »

Posted in Economics, Higher Education | 6 Comments

Time to ditch the export-led growth mania

Last week, the former head of the Australian Treasury, Ken Henry gave a speech at the Australian National University entitled – Writing a New Australian Story – which received considerable press coverage. His message has relevance to all advanced nations … Read the rest of this entry »

Posted in Economics | 19 Comments

G20 meetings and structure part of the problem

There are parallel universes operating when it comes to neo-liberal politicians attempting to deal with reality. The G20 Finance Ministers and Central Bank Governors concluded their weekend talkfest in Cairns yesterday and you might be excused for thinking there is … Read the rest of this entry »

Posted in Economics, IMF, Politics | 5 Comments

European Employment Strategy – barely a new job in sight

Eurostat released the latest – Employment – data for July 2014 last week (September 12, 2014) and announced that total employment was up by 0.2 per cent in the euro area. For those that study the data closely you will … Read the rest of this entry »

Posted in Economics, Eurozone | 12 Comments