Volume 9 No.6 - November/December 2017
Contents
Keynes and the creation of a new economic narrativeWho could be creating such a narrative?
Editor
Big banks financing environmental disasters
Editor
A conversation about job guarantees
An email conversation with a Journalist
Steven Hail
Water, health and wealth
Summary of a Working Paper
EditorLocal government initiatives in Europe
Initiatives from Berlin and Amsterdam
EditorThe seven sins of economists
Sins of omission and commission
EditorThe ABS is wrong: inequality is getting worse in Australia
Wealth concentration growing for the 1%
Christopher Sheil and Frank StilwellCountries intending to phase out combustion-engine vehicles
EditorJobs, taxes and politics
Three ways electric vehicles will change our world
Hussein DiaEconomyths: the five stages of economic grief
Economists are slowly coming to terms with their role in the GFC
David OrrellThe Treasurer’s claim that wages growth requires profit growth
Productivity and wage increases are out of kilter
EditorRational expectations – the triumph of ideology over science
EditorMonsanto’s violence in India: the sacred and the profane
The dictation of foreign capital on Indian development
EditorMemo to mortgagors .. get your house in order
An economic tsunami is coming
John KellyInequality and immiseration in the U.S.
The evidence
David RuccioRichard Thaler gets the ‘Nobel prize’
Lars Syll
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
Volume 9 No.4 - July/August 2017
Contents
Government debt vs household debt: ‘good’ and ‘bad’ debt explainedTo burden the young with more debt is the height of folly
Steven HailBe prepared for a cashless society
And the real reasons are hidden
Joshua KrauseIf China can fund infrastructure with state credit money, so can we
Infrastructure spending can be funded with state created money
Ellen BrownThe human development revolution
The poor are the most efficient means to development
Asad ZamanThe philosophy behind economics
Many economists are using failed models
Aiden Bedford, Rui SihombingChicago economics: a dangerous pseudo-scientific zombie
It relies on the poor having to pay for the mistakes of the rich
Lars SyllScary numbers
U.S. poverty and wealth inequality are increasing.
David RuccioTo make America great again, write off the private debt
President Trump should ignore the insider economists
Steve KeenThe vital importance of restoring the Glass-Steagall Act
Growing inequality is one consequence of its repeal in 1999
EditorMacron’s false claim that laying off workers will boost the economy
The simple fact is that austerity destroys demand
Dean BakerWill addressing climate change devastate the economy?
Clean energy technology will be cheaper and employ more people
EditorEconomics is a form of brain damage
Unlearning the economics textbooks is slow and painful
Asad ZamanThe myth of the balanced budget
Total spending should generally exceed taxation receipts
John Kelly
Volume 9 No.3 - May/June 2017
Contents
The IMF is showing some hypocrisy on inequalityThe IMF has created the inequality it claims to be tackling
Christopher Sheil and Frank StilwellCutting wages is not the solution
Lower wages and lower unemployment compensation make a recipe for catastrophe
Lars SyllThe decoupling delusion
Rethinking growth and sustainability
J Ward, K Chiveralls, L Fioramonti, P Sutton, and R CostanzaCreation and destruction of bank credit money
The ways in which this intangible form of money are created and destroyed
John HermannHow land disappeared from economic theory
Evonomics article
EditorTo be a good economist, one cannot only be an economist
There is a lack of pluralism in the teaching of economics
Lars SyllThe super stupid way to get your own piece of over-priced housing
Using superannuation to buy property is a really bad idea
Claire ConnellyMore on Australia’s housing market bubble
The evidence for, and the dangers presented by, Australia’s real estate bubble
Editor
Government mismanagement and Australia’s debt time bomb
Can the fuse be extinguished before the debt time bomb explodes?
Steven HailASIC chairman talks about risk of mortgage crash
APRA demands more bank capital
EditorMainstream understanding of inflation may be all wrong
The amount of money a central bank creates may be less important to inflation than commodity prices
EditorTrumponomist
The head of Donald Trump’s Council of Economic Advisers is a wealth inequality denier
David RuccioTime for new economic thinking
Using the best science available
Eric Beinhocker
