Economic Reform Australia
working for a just and
sustainable society
Economic Reform Australia exists to promote a critical approach to economic thinking, commonly referred to as heterodox economics.
This challenge to orthodox economic thinking is prompted by the manifest failure of mainstream economic theory to support widespread social and environmental benefits for society. The wealth gap continues to expand, the natural environment continues to be degraded and social cohesion and well-being undermined.
Read more … The limitations of an economic paradigm which promotes the “free market” as arbiter of social good is plain for all to see. Heterodox economics covers a broad spectrum of insights and perspectives. Common to most however is a searing critique of the mainstream doctrine, often referred to as neoliberalism which has dominated economic and political discourse for over 40 years. Today it stands increasingly condemned by the dire consequences now confronting society and the natural environment. The bi-monthly ERA Review is a compilation of contributions from economists around the globe. These help throw a light on the economic and financial structures which underlie many of critical issues of our time. Register as a member to support ERA and for a modest annual fee and you can contribute your insights to any of the articles selected from the ERA Review. Economic Reform Australia has no party political affiliation. Our goal is to promote debate amongst decision makers and the wider community about the economic foundations for a financially stable society based on social justice and ecological sustainability. Follow us on Facebook 
Budget Repair
With the Covid pandemic the federal government has been spending into society to support businesses and individuals. This stimulus spending has provided support for businesses as well as families and individuals. It has been a lifesaver for many and resulted in a significant reduction in private sector debt.
Yet something has gone wrong and we are told that the budget needs to be repaired. The budget is of course a spreadsheet which lists all ingoings and outgoings as well as the resulting balance. So what has happened?
Do some spreadsheet formulae need updating, broken links need fixing?
We have experience with spreadsheets and stand ready to lend support.
The ERA Review is issued bi-monthly and includes contributors from around the globe. Some frequent contributors include …
Steven Hail
Frank Stilwell
Steve Keen
Mark Diesendorf
Ellen Brown
Geoff Davies
Randall Wray
Cameron Murray
A more extensive list can be found here.
Latest Articles form the ERA Review
Setting the economic agenda
Setting the economic agenda Wayne McMillan Economic and financial commentators,...
Read MoreMonetary and fiscal policy frameworks for Australia part 2
Monetary and fiscal policy frameworks for Australia part 2 John...
Read MoreHomelessness study report and competitive neutrality
Homelessness study report and competitive neutrality Colin Cook The critique...
Read MoreThe ERA Review is issued bi-monthly and includes contributors from around the globe. Some frequent contributors include …
A more extensive list can be found here.
Steven Hail
Frank Stilwell
Steve Keen
Mark Diesendorf
Ellen Brown
Geoff Davies
Randall Wray
Cameron Murray
Latest Articles from the ERA Review
Setting the economic agenda
Setting the economic agenda Wayne McMillan Economic and financial commentators,...
Read MoreMonetary and fiscal policy frameworks for Australia part 2
Monetary and fiscal policy frameworks for Australia part 2 John...
Read MoreHomelessness study report and competitive neutrality
Homelessness study report and competitive neutrality Colin Cook The critique...
Read MoreEcological reasoning demands perspectives that mainstream economics is designed to obliterate
Ecological reasoning demands perspectives that mainstream economics is designed to...
Read MoreThere are many interesting internet based resources. Some suggested links are provided below.
Thrival Economics – Dr Geoff Davies
International Movement for Monetary Reform
Fresh Economic Thinking – Dr Cameron Murray
Modern Monetary Theory – Prof Bill Mitchell
Money – what it is, how it works – William Hummel
Could anything be more insane than for the human race to die out because we “couldn’t afford” to save ourselves?
John Hotson
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists
Joan Violet Robinson
Escaping from the already existing ideas is more difficult than developing new ones. .
John Maynard Keynes
When an economist says the evidence is “mixed”, he or she means that theory says one thing and data says the opposite
Richard Thaler
Capitalism is the astounding belief that the wickedest of men will do the wickedest of things for the greatest good of everyone
John Maynard Keynes
Practical men who believe themselves to be quite exempt from any intellectual influence are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
John Maynard Keynes
Go directly to a randomly selected article, it may be just what you are looking for …
Could anything be more insane than for the human race to die out because we “couldn’t afford” to save ourselves?
John Hotson
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists
Joan Violet Robinson
Escaping from the already existing ideas is more difficult than developing new ones. .
John Maynard Keynes
When an economist says the evidence is “mixed”, he or she means that theory says one thing and data says the opposite
Richard Thaler
Capitalism is the astounding belief that the wickedest of men will do the wickedest of things for the greatest good of everyone
John Maynard Keynes
Practical men who believe themselves to be quite exempt from any intellectual influence are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
John Maynard Keynes
ERA supports the efforts of the following organisations
Click on their links to find out more
You can help spread the word by sharing articles with friends. You can also register as a member (for the equivalent of just 5 cups of coffee a year!) or click here to find out more about becoming a member.
Economics is not a vanity project!
