Category Archives: Economics

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

Falling enrolments in mainstream economics programs is a desirable outcome

If you have had the misfortune to study economics formally at university then you will recall sitting through endless and tedious lectures where the instructor asserted some superior knowledge about psychology and human behaviour. If you had combined the economics … Read the rest of this entry »

Posted in Economics | 14 Comments

The neo-liberal infestation – Australia’s broadband fiasco gets worse

I have written about Australia’s fraught venture into establishing a national broadband network (the so-called NBN) to apparently take us into the next era of communications, although it seems the lifespan of what they eventually will build will be short, … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 13 Comments

Reflections on a visit to New Zealand

Last Friday, I gave a public lecture organised by the strategy group Strategy2040 and the full presentation is available on YouTube – (I made it available in yesterday’s blog). After that presentation I was invited to a ‘Roundtable’ meeting (although … Read the rest of this entry »

Posted in Economics, Framing and Language | 29 Comments

There is nothing much that Milton Friedman got right!

“If we want to ensure more people are well-employed, central banks alone will certainly not suffice” is a quote I am happy to republish because I consider it to be 100 per cent accurate. The only problem is that the … Read the rest of this entry »

Posted in Central banking, Economics | 8 Comments

EU clones itself in West Africa and then tries to ransack the region

In a recent blog – If Africa is rich – why is it so poor? – I considered the question of why the resources that make Africa rich have not been deployed to the benefit of the indigenous people who … Read the rest of this entry »

Posted in Economics, Eurozone | 13 Comments

When the top-end-of-town realise their strategy is failing

There was an interesting article in the Financial Times on Monday (June 26, 2017) – Why US big business is listening to Bernie Sanders – which, despite the somewhat misleading and over-the-top headline, tells us a little of the way … Read the rest of this entry »

Posted in Economics, Labour costs | 32 Comments

If Africa is rich – why is it so poor?

When I was a student, that is, formally studying for degrees rather than the constant-learning approach which makes us permanent students, I was very interested in development economics and have carried that into the career phase of my work, including … Read the rest of this entry »

Posted in Economics, IMF | 33 Comments

Stuart Chase – a visionary ahead of his time

I recently re-read several books (well books), the first of which was published in 1932, and, the others published in the early 1940s, which were written by a relatively unknown American economist Stuart Chase. He not only wrote about economics … Read the rest of this entry »

Posted in Economics | 29 Comments

A credit rating agency spinning its usual nonsense

There is a lot of talk among the economics journalists about the impending collapse of China, apparently drowning in mountains of unsustainable debt. Don’t hold your breath. The Chinese government fully understands its capacity as the monopoly issuer of its … Read the rest of this entry »

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

World Bankspeak – how to hide the failure of a mission!

As the title of my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale – indicates, I am interested in both economics and patterned behaviour within groups and the way groups erect edifices (such as, denial) to … Read the rest of this entry »

Posted in Economics, Framing and Language | 16 Comments