Category Archives: Economics

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

Do not privatise the Australian Broadcasting Commission

It is Wednesday and my blog-light day. I am travelling a lot today and so have little time anyway for blog activities. Today, though, I reflect on the current demand by the conservatives in Australia to privatise our national broadcaster. … Read the rest of this entry »

Posted in Economics, Music | 9 Comments

ECB research provides a withering critique of mainstream macroeconomics

Although this blog post considers some very technical material its message is simple. Mainstream macroeconomic models that are used to determine policy choices by governments are deeply flawed and the evidence strongly supports a central thrust of Modern Monetary Theory … Read the rest of this entry »

Posted in Britain, Central banking, Economics, UK Economy | 24 Comments

Lower bond yields do not save the Japanese Government money

I was going to write about the situation in Timor-Leste after its national elections were held on Saturday. But I will hold that over for another day as I get some more information. So today, I think we can learn … Read the rest of this entry »

Posted in Economics, Fiscal Statements, Japan | 3 Comments

Education – a faux crisis, an erroneous ‘solution’ and capital wins again

One of the ways in which the neoliberal era has entrenched itself and, in this case, will perpetuate its negative legacy for years to come is to infiltrate the educational system. This has occurred in various ways over the decades … Read the rest of this entry »

Posted in Economics | 16 Comments

The World Bank should be defunded

Australia is currently being shocked on a daily basis with the revelations in our Royal Commission on Banking, which show that our financial services sector (banks, insurance companies, financial planning, etc) is deeply corrupt, with criminal behaviour clearly rife. Hopefully, … Read the rest of this entry »

Posted in Economics, Future of Work, Reclaim the State | 7 Comments

On the path to MMT becoming mainstream

Over the last few years, it is clear that Modern Monetary Theory (MMT) is achieving a higher profile and the attacks are starting to come thick and fast. I see these attacks as being a positive development because it demonstrates … Read the rest of this entry »

Posted in Debriefing 101, Economics, Fiscal Statements, Framing and Language, Job Guarantee, Reclaim the State | 33 Comments

Corporate Australia – the mendicants who want more!

Over the last few months, we have had the Australian Treasurer clogging up the media with his relentless claims that Australia has no choice but to cut corporate tax rates to keep up with the rest of the world (this … Read the rest of this entry »

Posted in Economics | 20 Comments

Here is a new argument for the Remainers – should be a winner

Here are a couple of Wednesday snippets on my (alleged) no blog post day. I have a great tip for the Remainers in Britian who are struggling to make any sense in their quest to hang on to the European … Read the rest of this entry »

Posted in Economics | 31 Comments

The bond vigilantes saddle up their Shetland ponies – apparently

Last week (February 8, 2018), we witnessed the US Senate spectacle with Rand Paul embarrassing himself with his lack of economic knowledge but also embarrassing both major parties – the Republicans for their gross hypocrisy and the Democrats for their … Read the rest of this entry »

Posted in Economics, Fiscal Statements, Framing and Language, US economy | 17 Comments

The blight of the visitor economy

One of the large funded projects that I have been involved in over the last few years concerns regional equity (in part). Our planning involves the completion of a new book (to be published sometime 2019) on the way in … Read the rest of this entry »

Posted in Economics | 12 Comments