Category Archives: Economics

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

The Left confuses globalisation with neo-liberalism and gets lost

Financial Times journalist Wolfgang Münchau’s article (April 24, 2016) – The revenge of globalisation’s losers – rehearses a common theme, and one which those on the Left have become intoxicated with (not implicating the journalist among them). The problem is … Read the rest of this entry »

Posted in Demise of the Left, Economics, Eurozone | 24 Comments

Hype aside – the Juncker Plan – a failure from day one

When Jean-Claude Juncker took over the Presidency of the European Commission in November 2014 – yes, 18 months ago. His record before that should have warned everyone of where his ideological preferences lay. He was the President of the Eurogroup … Read the rest of this entry »

Posted in Economics, Eurozone | 7 Comments

The government has all the tools it needs, anytime, to resist recession

Several new articles have appeared in the last few weeks in the major media outlets expressing surprise that central banks have had little effect on economic growth despite the rather massive buildup of their ‘balance sheets’ via various types of … Read the rest of this entry »

Posted in Central banking, Economics, Japan | 26 Comments

Cancel your subscriptions to Time Magazine

Ordinary citizens find it difficult expressing their dissatisfaction with the overall state of affairs in their nations. Sure enough we can vote a poor government out in many nations but the neo-liberal infestation is now so entrenched that the choices … Read the rest of this entry »

Posted in Economics | 20 Comments

Rising urban inequality and segregation and the role of the state

Last week, 61.1 per cent of Dutch voters who turned out (the turnout was above the legal threshold to make the vote legal) voted against the referendum proposal to ratify a ‘preferential trade’ agreement between the European Union and Ukraine. … Read the rest of this entry »

Posted in Demise of the Left, Economics, Eurozone | 10 Comments

The CEDA Report – one of the worst ever

The public policy debate in Australia today has been hijacked by two ridiculous interventions. The first, being a proposal that the states be given back their income tax powers (which they voluntarily forfeited in 1942). It is an attempt to … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 24 Comments

The neo-liberal class warfare on the poor and the rest of us

I read a report just released yesterday (March 9, 2016) – The uneven impact of welfare reformby the Centre for Regional Economic and Social Research, which is located at the Sheffield Hallam University in Britain. It showed that the British … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 18 Comments

The BIS adds to the financial turbulence and should be disbanded

In 2014, it was apparent that the Bank of International Settlements (BIS) had made itself part of the ideological wall that was blocking any reasonable recovery from the GFC. I wrote about that in this blog – The BIS remain … Read the rest of this entry »

Posted in Central banking, Economics | 11 Comments

We are being led by imbeciles

After yesterday’s marathon blog, today will be easier going (and shorter). I was reading John Maynard Keynes recently – circa 1928 – that is, 8 years before the publication of the General Theory with his Treatise on Money intervening. He … Read the rest of this entry »

Posted in Central banking, Economics | 24 Comments

Finland would be better off outside the Eurozone

Towards the end of last year, I wrote a blog – Finland should exit the euro. I had been undertaking some detailed research on the plight of this relatively small Eurozone nation for a number of reasons. First, it had … Read the rest of this entry »

Posted in Economics, Eurozone | 8 Comments