Economic Reform Australia (ERA) is a not-for-profit and non-political organisation, whose goal is to educate and advise decision makers and the community about the economic foundations of a financially stable society based on social justice and ecological sustainability.



Welcome to the new online home of Economic Reform Australia. Content is still being added to the website. Follow us on Facebook for updates. ERA meetings are held on the last Saturday of every month at 111 Franklin Street, Adelaide, SA – starting at 2.00 pm (excluding December, which hosts a special end-of-year meeting).

Click on this link to join

  Affiliation of Economic Reform Australia with Rethinking Economics Australia

The two organisations have very similar views about economic reform, and it is our intention to have a future working relationship allowing a range of mutual activities. More information about this process soon.

2019 Annual General Meeting 

Will be held later in the year (date to be established).

ERA Review

Copies of each issue of ERA Review are usually distributed around one week into the first month nominated for that issue. Keep an eye on your mailbox. Examples of some previous issues are accessible on this website.

ERA Blogsite

A moderated blogsite was set up by ERA in 2015, and its operation was renewed in 2019. It may be accessed at the web address:

The Banking Royal Commission as theatre – the character and background of banking sector corruption.

This talk by eminent political economist Dr Evan Jones (an ERA patron) will occur on 17 May 2019, 6.30—8.00pm, at Mitchell Theatre, Sydney Mechanics Institute, 280 Pitt Street. There will be a small entrance fee. Further information to follow.

What are our aims?


A just and
sustainable society.

The prevailing economic system does not operate for the common good or the benefit of Australia as a whole, but rather, to enhance the wealth of powerful vested interests. This results in unsustainable social inequality. There should be a reorientation of priorities, in order to ensure that the welfare of the majority of our nation's citizens is placed ahead of the welfare of large institutions and corporations.

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Financial, banking,
and taxation reform.

Abnormal monetary measures used to address the global financial crisis have failed to bring about a real recovery. The financial system remains unstable and inequality has increased. The needed additional purchasing power should be implemented through greater government spending. Taxation should be progressive and banking adequately regulated.

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Commitment to democratic

Democracy means the active participation of citizens in those decision-making processes which affect their lives - implying an open, fair and representative system of government, as well as national economic sovereignty and the full scrutiny and accountability of all economic processes.

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Change for the
common good.

The word "reform" implies change for the better - and it should be taken to mean improving the health, welfare and social and financial security for every citizen within our society, consistent with preserving and improving the environment, and without selectively advantaging a privileged elite.

To learn more about ERA, head over to our about page.

Why become an ERA member?


Membership provides you with information and education about the ideas viewpoints and insights of the wider aspects of economics that are not understood or are ignored by mainstream economists.


Membership gives you a broader understanding of the way economics affects everyone’s lives.


Membership means you are contributing to developing an economic system that supports our environment and the further development of our society.

To become a member, visit our membership area.

Latest Posts

Reforming Australia’s banking system

22 February, 2019

The economist Hyman Minsky told us that stability is destabilising so how do we build an anti-fragile financial system that serves the real economy? Scientists have told us that the… continue reading »

Mainstream Macroeconomics and Modern Monetary Theory: What Really Divides Them? A Very Great Deal Indeed!

22 February, 2019

I have been asked by Economic Reform Australia for a response to a very recent John Jay College, CUNY working paper, entitled Mainstream Macroeconomics and Modern Monetary Theory: What Really… continue reading »

Frequently Asked Questions

Where does money come from, and who creates it?

What caused the global financial crisis?

Is government spending inflationary?

Want to learn more?
Take a look at our FAQ page.

Any Questions or Comments?

Send us an email with your question and we will be sure to get back to you quickly.