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Volume 17 No.3 May – June 2025
Contents
The return of full employment – part 1
How the unemployed became a tool to discipline workers and keep wages down, and why it doesn’t have to be this way
Steven Hail
The popular misunderstanding of money
Our habitual misunderstanding of Modern Fiat Money divides us against each other.
John Alt
Casino Capitalism
In a speculative economy, prosperity depends on the political and social climate, and crises and depressions can become severe.
Lars Syll
Recommended paper: Funding of the energy transition by monetary sovereign countries: Energies
M Diesendorf, S Hail
Wealth inequality – housing cost is hollowing out middle Australia
The squeezing of middle Australia coincides with, and has exacerbated, the
cost-of-living crisis of the past few years.
Harry Chemay
Comments on the previous Harry Chemay article
Wayne McMillan
Can Citizen Assemblies save democracy?
The existence of a socially progressive opposition might require citizen assemblies.
Peter G. Martin
Milei’s “radical plan”, revisited – part 1
Milei’s government appears set to continue its dependence on IMF support while cutting government spending.
Peter Rock-Lacroix
Patents and the Abundance
Agenda Patent and copyright monopolies currently redistribute an enormous amount of income upward.
Dean Baker
Toward sustainable economies
A new book by Theodore Lianos explores different models of economies that do not devastate the natural world on which they depend.
Anastasia Pseiridis
NAIRU — a harmful fairy tale
Many mainstream economists have faith in the NAIRU fairy tale, but it doesn’t hold water when scrutinized.
Lars Syll
Volume 17 No.2 March – April 2025
Contents
It’s the End of the World and I Don’t Feel Fine
Reflections on an economic system geared to human need instead of profit
Pete Dolack
Superannuation is complicated
A guaranteed government income in retirement would be simpler
Brendan Coates and Joey Moloney
Busting the ‘natural rate of unemployment’ myth
The natural rate hypothesis has done great damage to global economies
Lars Syll
Building humane alternatives to homo economicus
A vision for economics rooted in compassion, cooperation and moral values
Asad Zaman
Global EV Sales Have Soared, but Buckle Up for a ‘Weird Moment’ in the U.S.
Market
The technology is moving in such a direction that there’s almost nothing that can be done to stop more affordable EVs from appearing on the market
Dan Gearino
Universities: dead, buried and cremated?
Australian universities have been gutted and corporatised
Geoff Davies
Trade isn’t money for nothing
Trump’s complaint about the U.S. losing money to Canada and Mexico is misguided
Stephanie Kelton
In praise of government consumption
Government production has a major role in the allocation of social goods
Merijn Knibbe
Badly confused trade policy: the story of supply and demand
U.S. society will pay a big price for Trump’s confusion
Dean Baker
Deliberative Democracy
Citizen assemblies are a new approach to rebuilding public faith in government
Peter Martin
Volume 17 No.1 January – February 2025
Contents
To save the planet, disable the global consumer-corporate machine
To reduce greenhouse gas emissions we must get inside the machine and turn it off, or transform it
Geoff Davies
The 2024 Nobel Prize for economics
Revealing the bankruptcy of conventional economics
Ted Trainer
Can anyone concisely propose a theory of systems change?
We face a complex, multi-dimensional polycrisis straddling many disciplines
Wayne McMillan
Consumption is driving global greenhouse gas emissions
Exposing the impediments to planned degrowth will benefit environmental protection, social justice, human rights and peace
Mark Diesendorf
More coal and gas, less renewables – what a nuclear power plan for Australia would really mean
John Quiggin
Mainstream distribution myths
How globalization and the rules of the modern economy are structured to make the wealthy wealthier
Lars Syll
I have learned a few Things
In particular, that a life dedicated to learning what’s true and to expressing truth is the only kind of life that can ever satisfy
Caitlin Johnstone
What is Modern Monetary Theory?
Governments that issue their own currency are not fiscally constrained in the way that is represented by most politicians, economists and commentators
William Thomson
Australia needs better ways of storing renewable electricity for later
That’s where ‘flow batteries’ can help
Maria Skyllas-Kazacos
Understanding society via self-discovery
By understanding and changing how we think and act, we unlock the potential to transform not only ourselves but the societies around us
Asad Zaman
