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Volume 10 No.6 November-December 2018
Contents
How big does the fire need to be?
Before we “understand”, once again, how we can pay ourselves to put it out?
J.D. Alt
Book extract: Why technology alone won’t save us
from “Managing Without Growth. Slower by Design, Not Disaster”
Peter Victor, publ by Edward Elgar. Part Two – Editor
Keen versus Krugman
Mainstream economics wrongly asserts that credit and money are neutral, with no impact on real economic activity
John Balder
There is nothing sacrosant about corporate culture
We can and must regulate it
Ann Wardrop and David Wishart
What should be the purpose of economic policy?
And what role can, and should, economists play in guiding policy decisions?
Rachel French
Neoclassical economists — a bunch of idiot savants
They do not understand what is happening in the world today
Editor
Is there a case for restoring the gold standard?
Trying to get gold back into the monetary system is a very bad idea
Lars Syll
Is the U.S. Federal Reserve privately owned?
The Fed is not owned by anyone, however it was established to serve the public interest
Editor
Governments left clueless by economic orthodoxy
Economics, as now mostly practised, is largely self-reinforcing rather than self-correcting
Editor
Mainstream economics and Modern Monetary Theory
What really divides them? A very great deal indeed!
Steven Hail
The Trans-Pacific Partnership is not about trade
But rather, it is about corporate power and control
Editor
Volume 10 No.5 September-October 2018
Contents
Why have wages been allowed to stagnate?
Ideology, ignorance, selfishness, delusion and intellectual fraud
Steven Hail
Minsky on secure employment
Guaranteed employment for all
Editor
Corporations and mainstream media on “horrors” of higher wages
Plutocratic control of the political process guarantees inequality
Dean Baker
What is a good economy?
Targeting full employment
Warren Mosler
New coal power cannot compete with solar and wind
The writing is on the wall for new coal
Mark Diesendorf
New coal doesn’t stack up
New power generation in Australia is mainly solar and wind
Matthew Stocks and Andrew Blakers
The renewable energy train is unstoppable
The NEG needs to get on board
Ken Baldwin
Does economic growth make us happier?
There is no correlation between economic growth and happiness in the long run
Editor
Fixing corporate governance – more than rearranging deckchairs
Reforming corporate structures
Andrew Linden and Warren Staples
The loanable funds fallacy
Banks are not barter institutions that transfer preexisting loanable funds
Lars Syll
CEO pay is not about value for money
Their remuneration is more about white male entitlement
Carl Rhodes and Peter Fleming
Keynes – getting money into perspective
Keynes Book Quote
RBA evidence that you’ve been played for a sucker
The numbers in the Government’s accounts aren’t money
Damian Penston
Book extract: Why technology alone won’t save us
from “Managing Without Growth: Slower by Design, Not Disaster”
by Peter Victor, publ by Edward Elgar
– Part One Editor
Only speculators will profit from an Australian economic crash
The RBA thinks high stock prices are more important than unemployment
Steve Keen
Volume 10 No.4 July-August 2018
Contents
The irresponsibility of (so-called) fiscal responsibility
Federal spending didn’t wreck the economy; deregulation and greed did
Dean Baker
Busting the NAIRU myth
Wages and employment can increase at the expense of corporate profits without causing inflation
Lars Syll
Stark contrast between U.S and French inequality
Editor
How are you going to pay for it?
Editor
Federal Treasury recognises the ‘benefits’ of breaking up banks
Editor
Achieving genuine progress in Australia
Robert Costanza, Philip Lawn, Ian Lowe, Peter Mart
Funding infrastructure
Why China is running circles around America
Ellen Brown
The Italian economic crisis
Why the euro must be abandoned
Lars Syll
Australia’s ‘electric car revolution’ won’t happen automatically
Graciela Metternicht, Gail Broadbent
Global investment in renewable energy is outshining fossil fuels
Editor
Kate Raworth on economics for the 21st century
Editor
Commentary on Doughnut Economics by Oxfam International
Editor
Budget 2018: another unfortunate budget
Steven Hail
Volume 10 No.3 – May-June 2018
Contents
A comfortable betrayal
The false debate of the economic mainstream narrative
J.D. Alt
Bank of England: How money is created
Editor
Science and the quest for truth
Objective truth is an important concept in any real science
Lars Syll
The Myth of the 2020/21 Surplus
A surplus budget within two years is not achievable
John Kelly
Neoliberal v Neoclassical economics
There are important differences between the two
Claire Connelly
Trump’s trade war, and ‘fair’ rather than ‘free’ trade
Trump is picking an unnecessary neoliberal “free trade” fight
Steven Hail
Bank income and spending – Part 2
Discussion with Jamie Walton John Hermann
U.S. Economic trends, ten years after the crash
We have renewed instability and a likely new dramatic crash
David Ruccio
The Bayer-Monsanto merger is bad news for the planet
Agribusiness giants will destroy the ecosystem for more profit
Ellen Brown
Recent revelations from the banking royal commission
Heavy penalties are on the table for bank misbehaviour
Editor
Volume 10 No.2 March-April 2018
Contents
A just social wage and a job guarantee
Essential components of future sustainable prosperity
Steven Hail
Student debt slavery
Bankrolling financiers on the backs of the young
Ellen Brown
A qualitatively improving steady-state economy
As an alternative to continued growth
Philip Lawn
The ‘mystery’ of low wages
As identified by Henry George
Editor
What is a steady state economy?
Extracted from the CASSE website
Editor
Bank income and spending
Commercial bank interest income is a flow
John Hermann
The zombie TPP is back
Abridged from the NZ-based The Daily Blog
Jane Kelsey
Australian financial regulators need policing
Regulators are at best misguided, and at worst captured
Andrew Schmulow
Self-driving, electric and shared vehicles – utopia or nightmare?
A holistic management approach is needed Jake Whitehead
Michael Kane
The benefits of job automation might not be shared equally
Workers’ wages are not growing in line with productivity growth
Shahid Shahiduzzaman, Marek Kowalkiewicz, Rowena Barrett
Ten drivers damaging the living world
Identified by recent ACF commissioned research Editor
Editor
The absurdity of the budget deficit hysteria
A government deficit is a non-government surplus
Marshall Auerback
Volume 10 No.1 January-February 2018
Contents
Capitalism’s slow-burn energy collapse
Why the struggle for a new economic paradigm is about to get real
Editor
The design flaw at the core of humanity’s malaise
Human and ecological wellbeing requires a new design framework
Judith Schwartz
Advice to aspiring economists
Lars Syll
Keynes on employment
Editor
Big banks are committing major crimes against our climate
To stop runaway climate change, the banks must be on board
Alison Kirsch
Why we need a federal job guarantee
Giving everyone a job will democratize the economy
Mark Paul, William Darity, Darrick Hamilton
Where has all the surplus gone?
David Ruccio
General thinking about government deficits is mostly wrong
Abbreviated version of an article by Stephanie Kelton
Darian Hiles
The public bank option
Safer, local, and half the cost
Ellen Brown
Governments haven’t always shirked responsibility for our low wages
Post-war Australia had full employment and falling inequality
Warwick Smith
Why the big four asked for a parliamentary inquiry into banking
The banks are seeking to influence the terms of reference
George Rennie
Latest financial inquiry will fall short of what is needed
John Hermann
