Category Archives: Economics

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

What matters about the Paradise Papers

A cursory glance at the World’s leading tax havens illustrates the hypocrisy of politicians getting wound up about the revelations in the recently released Paradise Papers and the Panama Papers before them. Many of the havens are within the direct … Read the rest of this entry »

Posted in Economics, Fiscal Statements, Reclaim the State | 31 Comments

Time to nationalise superannuation in Australia – even conservatives think so!

In our new book, Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto Books, 2017) – Thomas Fazi and I argue that that reversal of many of the neoliberal changes that governments have agreed to over … Read the rest of this entry »

Posted in Economics | 17 Comments

Three recent interviews – transcripts and video

Today, I have translated two interviews I did while I was in Europe recently. The original interviews were in Spanish. The first interview was with Andrés Villena Oliver for CTXT and was published in the Spanish newspaper Público. It was … Read the rest of this entry »

Posted in Demise of the Left, Economics, Eurozone, Fiscal Statements, Job Guarantee | 9 Comments

Retail sales dive in Australia – neoliberal contradictions now obvious

This neoliberal era has a habit of getting ahead of itself and exposing its internal contradictions. In fact, the Capitalist system, as Marx, Keynes and others have demonstrated, it inherently inconsistent. The imposition of neoliberalism has only heightened those inconsistencies … Read the rest of this entry »

Posted in Economics, Labour costs | 5 Comments

Contrasting narratives about the outcomes of the euro

I have presented to a diversity of participants at the various events we have attended in the US, UK and Europe over the last 2 weeks. One way of expressing this diversity is in terms of the type of audience. … Read the rest of this entry »

Posted in Economics | 5 Comments

Mainstream macroeconomics credibility went out the window years ago

The Vice President of the European Central Bank, Vítor Constâncio, gave the opening speech – Developing models for policy analysis in central banks – at the Annual Research Conference, Frankfurt am Main, on September 25, 2017. Last time I heard … Read the rest of this entry »

Posted in Economics | 12 Comments

Addressing claims that global financial markets are all powerful

The United Nations Trade and Development Report 2017 was published last week and carried the sub-title “Beyond Austerity: Towards a Global New Deal”. It is amazing that 9 years after the crisis emerged we are still discussing austerity and its … Read the rest of this entry »

Posted in Economics | 9 Comments

Progressives should move on from a reliance on ‘Robin Hood’ taxes

There was an article in the International Politics and Society journal (August 27, 2017) – Robin Hood had the right idea – which continues to demonstrate, how in my view, the Left has gone down a deadend path with respect … Read the rest of this entry »

Posted in Climate change, Demise of the Left, Economics, Framing and Language | 32 Comments

When economists lose the plot entirely and show their colours

When I started studying economics at University, I had a lecturer in microeconomics who, thankfully, was an antagonist of the mainstream micro mantra about perfect markets and their capacity to deliver optimal, efficient outcomes for all. She is no longer … Read the rest of this entry »

Posted in Economics | 22 Comments

Fiscal policy is effective, safe to use, and markets know it

The Federal Reserve Bank of Kansas City has just hosted its annual Economic Policy Symposium at Jackson Hole in Wyoming where central banks, treasury officials, financial market types and (mainstream) economists from the academy and business gather to discuss economic … Read the rest of this entry »

Posted in Central banking, Economics, Fiscal Statements, IMF | 13 Comments