Tonight is the Federal Budget night. Tomorrow’s blog analysis could be as long as “its appalling”. We already know that. So I might take a day off and leave it at that. Some of the policy changes announced already are … Read the rest of this entry
Update on yesterday’s blog – Australia’s own little fiscal cliff – about the “edited” transcript from the Australian federal Families Minister who told journalists that she could live on the dole (below the poverty line) and then proceeded to produce … Read the rest of this entry
We have been working on a map to relate the local area unemployment in Britain with the incidence of riots in August 2011. I discussed why the incidence of unemployment might be a key driving factor for the riots in … Read the rest of this entry
“The freer the market the freer the people”. This is one of the questions that you are asked to assess in the the questionnaire designed by the Political Compass to determine where you stand on the economic continuum (left/right) and … Read the rest of this entry
I am working on a book at present on the way recessions entrench growing disadvantage beyond the costs that the actual crisis period imposes on the unemployed and others. The idea is that the neo-liberal era has systematically been associated … Read the rest of this entry
I have been in Sydney today for Day 1 of the Australian Society of Heterodox Economists’ (SHE) Conference. I always go down as a solidaristic gesture but I admit to not being fully engaged in some of the topics given … Read the rest of this entry
Yesterday I wrote, in part, about the way in which the term long-run is mis-used by the mainstream economists to assert “natural rate” theories, which essentially deny a role for government macroeconomic policy in stabilising the business cycle and reducing … Read the rest of this entry
I followed the US mid-term election campaign as best I could – being an outsider. Sometimes the level of debate appeared to be below that which I imagine the primates engaged in back then. I don’t intend to become a … Read the rest of this entry
I mentioned yesterday that I would reflect on the ACTU Jobs Summit, which was held in Sydney on Monday. I was one of the invited speakers. You can download notes of my talk HERE. The revolving door idea has been … Read the rest of this entry
Yesterday, after sort of saying it the day before and getting close to saying it late last week, and having to wait for the central bank governor to say it first, our Prime Minister, then in quick lock-step, our Treasurer … Read the rest of this entry
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Full employment abandoned: shifting sands and policy failures
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