Category Archives: Economics

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

Fiscal austerity drives continuing pessimism as oil prices fall

The UK Guardian article (January 20, 2015) – Davos 2015: sliding oil price makes chief executives less upbeat than last year – reported that the top-end-of-town are in “a less bullish mood than a year ago” and that “the boost … Read the rest of this entry »

Posted in Economics | 20 Comments

Rising inequality – fundamental changes required

I am currently working in Sri Lanka at a very interesting time in the nation’s history. Ten days ago the nation elected a new president and ousted the bevy of officials that had been linked to the previous, rather dictatorial … Read the rest of this entry »

Posted in Economics | 10 Comments

Sachs v Krugman – No contest, Krugman wins

There was an interesting article written by one Jeffrey Sachs, whose only notoriety, despite his own self-promotion, is that he was the principle promoter of the ridiculous doctrine of – Shock Therapy – which systematically ruined the nations it was … Read the rest of this entry »

Posted in Economics, US economy | 20 Comments

Privatisation failure – the micro analogue of fiscal surplus obsessions

Our business leaders are amusing themselves at the moment sailing large and expensive yachts in various summer regattas and races and lecturing us on how our democratic choices (to elect parliamentarians) is holding back the country – “ill-equipped for life … Read the rest of this entry »

Posted in Economics | 13 Comments

Interview: Demystifying Modern Monetary Theory

I am travelling all day today so no time to write at all and post. So in lieu of a more complete analysis of something interesting, I am sharing an interview I did with the Institute for New Economic Thinking … Read the rest of this entry »

Posted in Debriefing 101, Economics | 9 Comments

Declining employment opportunities for graduates – a future disaster

Another day of light blogging. It used to be the case that if you secured a University degree then you were nearly immune from unemployment and enjoyed a fairly quickly growing wage gap on those of the same age who … Read the rest of this entry »

Posted in Economics, Eurozone, Labour costs | 19 Comments

The top 10 progressive issues for 2015! Did I say progressive?

I am away most of this week and have limited time for blogs and I am also concentrating on the Modern Monetary Theory (MMT) book I am working on that will be published later in 2015. I also do not … Read the rest of this entry »

Posted in Economics, Friends like this | 5 Comments

News from Europe continues to deteriorate

I am travelling for most of today and so have very little time to write. But I do comment on the latest French unemployment data released the day before Xmas which signals that things are getting worse in France as … Read the rest of this entry »

Posted in Economics, Eurozone | 23 Comments

Inequality and growth and well-being – revolutions have occurred for less

Canberra is Australia’s capital city – a created city located in the Australian Capital Territory (ACT) to house the federal government and its bureaucracy. Official – data – shows that in 2013, the ACT has the highest household incomes of … Read the rest of this entry »

Posted in Economics, Politics | 14 Comments

Central banks can sometimes generate higher inflation

I haven’t much time today with travel commitments coming up at later. But I filed this story away earlier in the week in my ‘nonsense’ list but with a note that it contained a lesson, which would help people understand … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy, US economy | 18 Comments