Volume 9 No.5 - September/October 2017
Contents
The biggest intellectual scandal of our timeMainstream economists do not understand what central bankers understand
EditorNeoliberalism doesn’t work
It doesn’t do what it says it can, and we can prove it
Steven HailThe counter-intuitive dimension of economic reality
Real world economics requires us to tame the authority of our intuition
Edward FullbrookMainstream monetary theory
Neat, plausible, and utterly wrong
Lars SyllThe future of economics
Pretending everything is okay only restricts our understanding of what is happening
Steve KeenU.S. will meet Paris accord commitments despite Trump’s withdrawal
Renewable energy will be the cheapest form of power by 2020
EditorWhat can Tesla’s giant South Australian battery achieve?
In support of grid stability
Ariel Liebman, Kaveh Rajab KhalilpourMajor Australian bank found to be in breach of money-laundering laws
EditorU.K. to ban petrol and diesel cars by 2040
EditorHome ownership falling, debts rising
It’s grim for the under 40s
Roger WilkinsAustralian housing affordability the worst in years
Evidence that our economic system is eating the young alive
Philip Soos, Lindsay DavidChina’s Belt and Road initiative
This vast infrastructure initiative is arguably China’s largest and most ambitious economic undertaking
EditorAustralia’s interest in China’s One Belt One Road
Australian businesses should take advantage of the opportunities available
Alice de JongeWarren Buffet on derivatives
Buffet describes derivatives as financial weapons of mass destruction
EditorKrugman and Mankiw on loanable funds – so wrong
William Vickrey compellingly demolishes the loanable funds theory
Lars Syll
