Category Archives: Economics

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

Large-scale employment guarantee scheme in India improving over time

Today I am reflecting on employment guarantees. I ran into a mate in a computer shop in Melbourne yesterday, totally by accident. He happens to be one of the big players in the job services sector – the unemployment industry. … Read the rest of this entry »

Posted in Economics, Job Guarantee | 6 Comments

Why we should close the ‘unemployment industry’

This morning I gave a Keynote presentation to the Jobs Australia conference in Melbourne, which is a gathering of people who work in what I call the extra industry – the ‘unemployment industry’ – which has sprung up in the … Read the rest of this entry »

Posted in Economics, Labour Force, Unemployment Benefits, Youth unemployment | 15 Comments

Real GDP growth now requires less energy but is that the point?

Regular readers will know that I am pro-growth – economic growth that is. I get criticised for saying that by Greens and such because they only consider GDP growth within their own economic paradigm, which is tainted, if only subconsciously, … Read the rest of this entry »

Posted in Climate change, Economics, UK Economy | 33 Comments

RBA spills the beans on Australia’s failed fiscal strategy

The Governor and other senior officials of the Reserve Bank of Australia (RBA) appeared before the House of Representatives Standing Committee on Economics yesterday (August 20, 2014), as part of the review by the Government of the 2013 RBA Annual … Read the rest of this entry »

Posted in Economics | 16 Comments

Real wages falling and Treasury continues to deceive

There is growing pressure on Australia’s wage setting tribunals to scrap penalty and overtime rates, allegedly because they damage employment and firms are just busting to put more workers on as long as wages drop. I have had a long … Read the rest of this entry »

Posted in Economics, Fiscal Statements, Labour costs | 10 Comments

Fiscal policy saved the world

There was an article in the Melbourne Age this morning (August 12, 2014) – As jobless numbers climb, RBA is perilously close to a rare mistake – that is running a theme that is increasingly being played out by the … Read the rest of this entry »

Posted in Economics | 3 Comments

MMT is not conservative thought

Last night I sent the final manuscript of my Euro book to the publisher and felt somewhat downcast – that always happens after an intensive piece of work is finished. But this morning, I woke up free of that and … Read the rest of this entry »

Posted in Economics | 45 Comments

Intergenerational fairness improved by fiscal deficits

There was an interesting article in the UK Guardian today (August 6, 2014) – Debt and housing costs make young worse off than past generations – which reported on the so-called ‘intergenerational fairness index’ published by the – Intergenerational Foundation, … Read the rest of this entry »

Posted in Economics, UK Economy | 15 Comments

When the left became lost – Part 1

I read a book a long time ago (1994) called “The Principle of Duty: An Essay on the Foundations of Civic Order”. I note it was republished in 2009. The book by David Selbourne – who is a British philosopher … Read the rest of this entry »

Posted in Economics, Politics | 38 Comments

Macroeconomic textbooks ripe for composting

I have been travelling a lot today – train, car, plane, car – and in between speaking and other commitments so not much time to type some thoughts. Also a detective novel I am reading was quite interesting on the … Read the rest of this entry »

Posted in Economics, Teaching models | 16 Comments