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Volume 16 No.4 July – August 2024


Complex economies embedded in the biosphere with the commons restored part 2
How can we construct an economics consistent with the biophysical limits to economic growth?
Geoff Davies

Capitalism – with friends like these, you don’t need enemies – part 2
Many economists lack knowledge about the physical nature of production, and cannot accept that climate change could be a serious threat to capitalism.
Steve Keen

Where did money come from?
Early governments invented the very institutions of money and markets, and the regulatory frameworks that determined how those markets work and in whose interests.
Steven Hail

The future is not evenly distributed
China has exploited deficit spending, in ways consistent with MMT insights, to create advantages that are rapidly propelling that nation far ahead.
Greg Reid

Global warming and the threat of cheap Chinese EVs
Countries in Africa, Latin America, and South Asia could benefit from low-cost electric vehicles as well as solar panels, batteries and other items needed for a transition to a green economy.
Dean Baker

Advantages and applications of sodium-ion batteries
After three decades of development, sodium-ion batteries are at a critical moment of commercialization.

An interconnected economic reality – part 1
Rethinking the economics curriculum
Dennis Venter

Labour productivity and real wages: An update
Across the whole economy, a gap remains between growth in real wages and labour productivity.
Wayne McMillan

Wind, solar and pumped hydro are all we need, and cheaper
Renewable sources can provide all the electrical energy we need, on demand, cheaper than fossil or nuclear options, more quickly, and with minimal carbon emissions.
Geoff Davies

Volume 16 No.3 May – June 2024


Complex economies embedded in the biosphere with the commons restored – Part 1
How can we construct an economics consistent with the biophysical limits to economic growth?
Geoff Davies

‘New Keynesian’ unemployment — a paid vacation essentially!
New Keynesian models cannot explain unemployment
Lars Syll

MMT sees America through rapid economic recovery
The causes of the inflation are disproportionately supply-side and temporary
Stephanie Kelton & Steven Hail

Capitalism – with friends like these, you don’t need enemies (part 1)
Labour without energy is a corpse, while capital without energy is sculpture
Steve Keen

If you’ve got a dark roof, you’re spending almost $700 extra a year to keep your house cool
Communities will keep paying dearly for the luxury of a dark roof through power bill pain and sweltering suburbs.
Sebastian Pfautsch & Riccardo Paolini

Rethinking economics with Angus Deaton
Economists could benefit by greater engagement with the ideas of philosophers, historians, and sociologists, just as Adam Smith once did

Mortgagees paying for corporate price gouging
Systematic profit pushed through price gouging exists across all the major sectors of the economy

No economy exists apart from the ecologies which sustain it
All wealth in the end is ecological
Peter Newell

A successful energy transition requires managing power use; so how do we make demand more flexible?
With more variable supply from solar and wind energy, demand flexibility is a cheaper and cleaner way to keep the electricity grid stable
Chris Briggs

Letter from Colin Cook (SA)
Land – funding and inflation
Re: Finding the tools to end the cost-of-living crisis [ERA Review Jan/Feb 2024]

Volume 16 No.2 March – April 2024


With one word, economics lurched into fantasy
Human society is energy blind
Steve Keen

Rooftop solar could help provide the power we need
Clean energy projects are too slow to reach the 82% renewable electricity target by 2030
Anna Bruce, Baran Yildiz, Dani Alexander, Mike Roberts

Ecological economics and modern monetary economics need each other
We do not operate a fractional reserve system, nor do banks lend the money they create to their central bank
Steven Hail and Philip Lawn

Rethinking banking as a public franchise
Offering economists a more accurate metaphor.
Tom Foster

A future threat has become a present reality and time is against us
We are on the clock and time is against us
Jamie Morgan

“Complexity” in economics
Economics should adopt a variation of the complex systems approaches now available
Maria Alejandra Madi

Letters: From Dr Ted Trainer – What is sustainable development?

Battery prices are falling again
And that’s a good thing
Dan Gearino

Lessons from Australia in solving Argentina’s economic crisis
With Argentina facing dire economic challenges, Steven Hail offers recommendations for recovery based on lessons learnt from Australia’s fiscal mistakes
Steven Hail

Volume 16 No.1 January – February 2024


What is sustainable development?
In the 21st century the need for carefully planned sustainable development has become acute, and requires overcoming the neoliberal economic system.
Mark Diesendorf

Choosing unemployment: what of job seekers? – part 2
Unemployment is a choice made by governments, corporations and central banks.
John Haly

The road is long and time is short, but Australia’s pace towards net zero is quickening
Australia has an enormous opportunity in decarbonising quickly, in a world that wants the same.
Anna Skarbek

Recommended new film: Finding the money
Extracts from an article by Steven Hail, about a new economic school of thought that has been born and is gaining traction

The magnificent failure of mainstream economics
Reflections on economic mismanagement and the 2008 global collapse into the greatest
economic crisis since the Great Depression.
Steve Keen

Amendment of the climate change Act will offer a future for young people
The young are increasingly anxious about climate change and the perpetration of misinformation and disinformation on social media.
David Shearman

Finding the tools to end the cost of living crisis
Finding an end to the cost of living crisis will depend on modern economic theories rather than current outdated monetary models.
Steven Hail