Australia's interest in China's One Belt One Road - Alice de Jonge An article by Alice de Jonge published in The Conversation on 16 May 2017 entitled "Australia risks missing out on China's One Belt One Road" [1] stated that Australia is late to the party in only recently expressing interest in … [Read more...]
The biggest intellectual scandal of our time
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 dislocation that we have witnessed over that time-span would not have occurred. In a nutshell, these economists … [Read more...]
Neoliberalism Doesn’t Work
Neoliberalism Doesn’t Work It doesn’t do what it says it can, and we can prove it - Steven Hail The U.S. economy grew in the 1950s and 60s at an average annual rate of 4.4%; in the 1970s and 80s, at an average rate of 3.2% per annum; in the 1990s and 2000s, on average by 2.5% per year; and since … [Read more...]
The counter-intuitive dimension of economic reality
The counter-intuitive dimension of economic reality - Edward Fullbrook Scientific education entails taming the authority of one’s intuition. Responsible citizenship in a democracy may entail it as well. Keynes argued that the markets often create inaccurate expectations of economic reality which … [Read more...]
