Category Archives: Economics

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

IMF on Greece – they haven’t learned from their mistakes

In the most recent take of the Greek crisis, the IMF seems to have come out as being the reasonable part of the Troika as a result of its last minute release of a document where it said that Greece’s … Read the rest of this entry »

Posted in Economics, Eurozone | 9 Comments

The damage of the Thatcher sea-change

When socio-economic historians reflect back in the decades to come, they will see the insanity that ruled the economic policy choices that have been taken in the last three or so decades more clearly than we seem to be able … Read the rest of this entry »

Posted in Economics, UK Economy | 20 Comments

The origins of the ‘leftist’ failure to oppose austerity

I note the calls for more discussion on the trap that the ‘left’ has made for itself by buying into the globalisation/political capture myth. As I have noted previously, I am currently researching a new book on this topic which … Read the rest of this entry »

Posted in Debriefing 101, Economics, Eurozone | 13 Comments

Australia might join the Eurozone, apparently

Australia has a grand Greek tradition. My home town of Melbourne is the third-largest Greek speaking city in the World as a result of the Post World War 2 migration. In 2011, Thessaloniki – Greece’s second largest city had a … Read the rest of this entry »

Posted in Economics, Eurozone | 9 Comments

The European Project is dead

When the GFC emerged and confirmed what Modern Monetary Theory (MMT) proponents had been predicting for more than a decade, I initially thought that this might be the ‘paradigm-shift’ line in the sand with respect to economic theory and policy. … Read the rest of this entry »

Posted in Economics, Eurozone | 30 Comments

Friday lay day – South Korea shows us a different way

Its my Friday lay day blog where I pretend to take it easy. Today I have a nice story to contrast with the shocking news we have been following over the last month or so from Europe. The economics news … Read the rest of this entry »

Posted in Economics, Eurozone, Friday | 10 Comments

Beyond metaphor … comes total nonsense, German style

Under an accompanying heading – “Beyond Greece” – the German Handelsblatt (a daily financial/business newspaper) published the article (July 14, 2015) – The Uncomfortable Truth About Debt. It was meant to be some sort of justification for the touch German … Read the rest of this entry »

Posted in Economics, Eurozone | 23 Comments

There is still a meaningful left-right distinction

There was an article in yesterday’s Australian Financial Review (July 12, 2015) – Left and right labels wear thin, lose definition – which as the title suggests tried to argue that it is hard “to know who or what is … Read the rest of this entry »

Posted in Economics, Eurozone | 23 Comments

Greece should not accept any further austerity – full stop!

In the lead up to last weekend’s Greek referendum there was an extraordinary flurry of opinion pieces in newspapers around the World which sought to blame Greece for its own situation. Among the most ridiculous of these articles was the … Read the rest of this entry »

Posted in Economics, Eurozone | 9 Comments

Europe’s US imported nightmare

I note the US have been rather quietly urging the EU to resolve the so-called ‘Greek crisis’, which I really think is a euro-crisis, even though its current epicentre is in Greece. What the Americans are doing beyond the purview … Read the rest of this entry »

Posted in Economics, Eurozone, US economy | 16 Comments