Category Archives: Economics

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

The neo-liberal emperors are naked and its not a good look

Recall back to the worst part of the GFC when the Australian government announced a relatively large fiscal intervention in late 2008, we had a swathe of financial market commentators predicting the worst. This article (published July 11, 2009) – … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 10 Comments

Syriza must stay left of the line – more is at stake than Greece

There were regional elections in the autonomous community of Andalusia (Spain) over the weekend which saw the Spanish Socialist Workers’ Party (PSOE) hold onto power. The results showed that the left-wing political party – Podemos – which received nearly 8 … Read the rest of this entry »

Posted in Economics, Eurozone | 24 Comments

Between Retailing Market and Supply Demand Relation

Supply and demand balance correlated with natural sources of a country is also proportional with the retailing market. In this sector very effective brands are operating today. Every area of retailing can be taken into consideration. Among these names we … Read the rest of this entry »

Posted in Economics | Leave a comment

Never impose austerity in a slump

In September 2013, when the current Conservative government took office in Australia we were told that “At last, the grown-ups are back in charge” (Source). It was the arrogance of the victors who also presumed a sort of divine right … Read the rest of this entry »

Posted in Economics, Eurozone | 24 Comments

Australia – the Fourth Intergenerational Myth Report

The Australian government will release the Fourth Intergenerational Report today with much fanfare, scaremongering and lies. Our boofhead Treasurer has been doing the rounds of the media outlets giving his evangelical sales pitch on how scary the future is unless … Read the rest of this entry »

Posted in Economics | 9 Comments

The Balanced Budget silly season is upon us again

Wasn’t Chuck Norris the muscle-bound guy with big guns and stuff who blasted the hell out of people and causes a lot of havoc? Well, apparently, he thinks he knows something about macroeconomics. In an article in the right-wing conservative … Read the rest of this entry »

Posted in Economics | 14 Comments

Don’t mention the war! er the Troika …

“Don’t mention the war”! was a classic line from the episode – The Germans – in the comedy Fawlty Towers. Basil Fawlty implored his meagre staff to stay silent in case they offended some German tourists staying at his hotel. … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy | 33 Comments

Employer group demands free labour from Government

Last week, the peak body representing small business in Australia, the Australian Chamber of Commerce and Industry (ACCI) called on the Federal Government to hand over free labour under the guise that “making coffee” will enhance the skills of the … Read the rest of this entry »

Posted in Economics | 6 Comments

Recessions can always be avoided and should be

Recessions are very costly events. The income losses come quickly and sustain for several periods after the worst has occurred. Unemployment rises sharply and if government doesn’t take appropriate action (job creation), it takes a very long time to return … Read the rest of this entry »

Posted in Economics | 27 Comments

Henry George and MMT – Part 2

This is the second part in my discussion about Henry George and Modern Monetary Theory (MMT). In general, there is nothing particularly incompatible between the introduction of a broader LVT at the Federal level to replace or reduce other taxes … Read the rest of this entry »

Posted in Economics | 29 Comments