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.

Announcements

11 January, 2017

Welcome!

Welcome to the new online home of Economic Reform Australia. Content is still being added to the website. Follow us on Facebook for updates.

Why we benefit from a budget deficit 

A public meeting and presentation by Assoc Prof Phil Lawn. Co-sponsored by ERA and the Adelaide University Economics Club. Wednesday 18 October, Ira Raymond Room, Adelaide University Barr Smith Library. See the ERA Facebook page for further information.

25 September, 2017

Next 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.

Regular ERA Meetings

ERA meetings are held on the last Saturday of every month (excluding December, which hosts a special end-of-year meeting) – at 111 Franklin Street, Adelaide, SA – starting at 2.00 pm.

2017 Annual General Meeting 

This will occur on Saturday 28 October 2017, starting at 2.00pm

What are our aims?

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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
decision-making.

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?

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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.


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


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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

The biggest intellectual scandal of our time

2 September, 2017

If mainstream economists had thought and behaved differently after 1980, then arguably the world would not be in its current state of disarray, and much of the social and environmental… continue reading »

Reserve Bank decision time: good luck Australia!

12 June, 2017

On the first Tuesday of every month (except January, when they are all off on their holidays) the governor of the Reserve Bank of Australia (RBA) meets with the deputy governor, the Treasury secretary and six… 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.