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List of articles

The articles from previous ERA Reviews are listed below in chronological order with the most recent first.


Central banks hunt in packs

Central banks hunt in packs Here’s why ours ought to be wary about lifting the cash rate – Steven Hail …
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Net zero by 2050 will hit a major timing problem technology can’t solve

Net zero by 2050 will hit a major timing problem technology can’t solve. We need to talk about cutting consumption …
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Beyond electric cars

Beyond electric cars How electrifying trucks, buses, tractors and scooters will help tackle climate change – Peter Newman When you …
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When will ‘economic growth’ account for environmental costs?

When will ‘economic growth’ account for environmental costs? David Shearman Human health and the natural environment are indivisible. A recent …
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The Genuine Progress Indicator

The Genuine Progress Indicator Editor The previous article by David Shearman has alerted us to the fact that GDP is …
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Study identifies outdoor air pollution as the ‘largest existential threat to human and planetary health’

Study identifies outdoor air pollution as the ‘largest existential threat to human and planetary health’ Deaths from exposure to emissions …
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Mainstream economics

Mainstream economics: Sacrificing realism at the altar of mathematical purity – Extracted by Lars Syll from comments of Andrew Haldane …
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University departments of economics are degraded to political propaganda centres

University departments of economics are degraded to political propaganda centres Peter Söderbaum “Climate change is perhaps the most threatening aspect …
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Inflation, wages, and profits

Inflation, wages, and profits David Ruccio Inflation continues to run hot—and now, finally, the debate about inflation is heating up. On …
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Second MMT Summer School to be held in Poland

Second MMT Summer School to be held in Poland Editor The following information appeared recently on the Facebook site of …
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Great and rising inequality

Great and rising inequality Jamie Morgan An interest in great inequality and rising inequality have become prominent features of our times …
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A brief history of Economic Reform Australia

A brief history of Economic Reform Australia Editor ERA came into existence in 1993, as an amalgamation of economic reform …
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NSW’s biggest coal mine to close in 2030

NSW’s biggest coal mine to close in 2030 Now what about the workers? – Liam Phelan and Kimberly Crofts End …
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Study warns of ‘profound’ consequences as the Amazon nears a ‘tipping point’

Study warns of ‘profound’ consequences as the Amazon nears a ‘tipping point’ Brett Wilkins New research reveals that lost rainforest …
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Degrowth is not recession, nor is it austerity

Degrowth is not recession, nor is it austerity Erin Remblance I often hear degrowth [1] conflated with recession [2], austerity …
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The Job Guarantee and Basic Income: Part 2

The Job Guarantee and Basic Income: Part 2 Ellis Winningham Only a few braved bitter cold in lower Manhattan to …
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The social cost of neoliberalism

The social cost of neoliberalism Editor Thanks to Elinor Hurst for drawing our attention to an article by Lynn Parramore entitled …
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Reducing Material Consumption through Economic and Social Transformation

Reducing Material Consumption through Economic and Social Transformation Elinor Hurst A recent paper by University of Melbourne social science postgraduate …
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Graduate Studies in the Economics of Sustainability

Graduate Studies in the Economics of Sustainability Editor Modern Money Lab Inc. (MML) is an Australian research institute, which contributes …
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To really address climate change, Australia could generate 27 times as much electricity and from renewable sources

To really address climate change, Australia could generate 27 times as much electricity and from renewable sources Paul Burke, Emma …
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Amid talk of budget deficits, consider the lessons we should have learned

Amid talk of budget deficits, consider the lessons we should have learned Steven Hail A decade ago, and years before Treasurer …
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Australia plans to be a big green hydrogen exporter to Asian markets – but they don’t need it

In its latest budget, the federal government has promised hundreds of millions of dollars to expand Australia’s green hydrogen capabilities. Green …
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Time’s up: why Australia has to quit stalling and wean itself off fossil fuels

Time’s up: why Australia has to quit stalling and wean itself off fossil fuels John Quiggin If the world acts now, …
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Impulsive psychopaths like crypto

Impulsive psychopaths like crypto Research shows how ‘dark’ personality traits affect Bitcoin enthusiasm Di Wang, Brett Martin and Jun Yao Since …
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Don’t look up!

Don’t look up! Has a surprising amount to tell us about economics, much of it useful Steven Hail There’s more …
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Real Economies, Faux Economics and the Destruction of Universities

Real Economies, Faux Economics and the Destruction of Universities Geoff Davies This year’s Nobel prize in economics spotlights a core …
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Life in a degrowth economy and why you’ll love it

Life in a degrowth economy and why you’ll love it Erin Remblance Exploring a set of policies designed to optimize …
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A review of “Herman Daly’s ‘Economics for a Full World’: His life and ideas”

A review of “Herman Daly’s ‘Economics for a Full World’: His life and ideas” – a biography by Peter Victor …
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Ideological engineering for the top one percent

Ideological engineering for the top one percent Editor RWER Extracted from Finance as Warfare by Michael Hudson: “ The economy …
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Inland rail project

Inland rail project White elephant watch [1] – John Quiggin The Guardian has been running some articles on the long-delayed …
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What really makes people happy?

What really makes people happy? Elinor Hurst A recent article in New Scientist from 22 January 2021 by David Robson …
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The Job Guarantee and Basic Income: Part 1

The Job Guarantee and Basic Income: Part 1 Ellis Winningham The JG is Far More Than Mere Policy I’ve been …
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Jobs and decarbonisation: how Australia should manage the transition

Jobs and decarbonisation: how Australia should manage the transition Jeremy McEachern and Warwick Smith The move away from fossil fuels …
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Wise words from William Vickrey

Wise words from William Vickrey Editor The failure of successive governments in developed countries to embark on a vigorous policy …
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Our obsession with economic growth will destroy us

Our obsession with economic growth will destroy us Ted Trainer Modern materially acquisitive societies refuse to recognise there are limits …
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A modern money perspective on deficit spending

A modern money perspective on deficit spending [1] Lars Syll What Modern Monetary Theory (MMT) does is more or less …
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The anti-colonial politics of degrowth

The anti-colonial politics of degrowth Jason Hickel High-income countries are the primary drivers of global ecological breakdown. As degrowth ideas …
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‘Green growth’ doesn’t exist

‘Green growth’ doesn’t exist Less of everything is the only way to avert catastrophe – George Monbiot It is simply …
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Time we stop listening to economists on climate change

Time we stop listening to economists on climate change Jag Bhalla Mainstream economic models of climate change are so riddled …
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Vale Geoff Harcourt

Vale Geoff Harcourt Steve Keen [1] The quintessentially Australian rebel economist Geoffrey Harcourt has died at the age of 90 …
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Geoff Harcourt’s legacy

Geoff Harcourt’s legacy Wayne McMillan Geoff was my favourite Australian economist when I was first studying macroeconomics. It was Geoff’s …
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Frederick Soddy, polymath and economic reformer

Frederick Soddy, polymath and economic reformer Editor Extracted from the Wikipedia entry on Frederick Soddy: Frederick Soddy (2 September 1877 – …
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What is austerity?

What is austerity? Ellis Winningham Extracted from a Facebook posting on December 19, 2021 Firstly I’ll explain what austerity is, …
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Much of Economics is a Sham Science

Much of Economics is a Sham Science We undermine our survival if we continue to imagine economics as an ethics-free …
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Economic planners do not reckon with the climate crisis bearing down on us

Economic planners do not reckon with the climate crisis bearing down on us David Shearman Australia’s current population may be …
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Confusion Reigns

Confusion Reigns Peter Radford Rocked but undaunted by the great financial crisis the orthodoxy of our central banks survived to …
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How is the U.S. going to pay its huge debt?

How is the U.S. going to pay its huge debt? Editor The title Is a question asked by Vlady Kovbas …
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Why does inflation not follow the money supply?

Why does inflation not follow the money supply? Editor The title is a question which appeared in the Quora knowledge …
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BHP’s offloading of oil and gas assets shows the global market has turned on fossil fuels

BHP’s offloading of oil and gas assets shows the global market has turned on fossil fuels John Quiggin The announcement …
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When Will America Declare War on Climate-Change?

When Will America Declare War on Climate-Change? A “war structure” mobilization is required, which Australia could emulate – J.D. Alt …
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Equality and fairness: vaccines against this pandemic of mistrust

Equality and fairness: vaccines against this pandemic of mistrust Tony Ward The COVID crisis has laid bare a crisis of trust …
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Evil Doers: the pharmaceutical industry and the pandemic

Now that George W. Bush is back in the news with his attacks on the Trumpist insurrectionists, it might be …
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Nationalise the banks: don’t blow up the banking system

Nationalise the banks: don’t blow up the banking system Steven Hail I reluctantly adopted an MMT frame for thinking about …
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Evolution of Global Finance

Evolution of Global Finance Asad Zaman Developments in money and finance are absent from conventional macroeconomic textbooks. In previous posts regarding …
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Consumerism and the denial of values in economics

Consumerism and the denial of values in economics Neva Goodwin Extracts from a paper by Neva Goodwin [1] were recently …
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How we are trying to buy an identity in capitalist economies

How we are trying to buy an identity in capitalist economies Molly Richardson Trade deals are not really about trade This is a …
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The dangers of exalting GDP and its associated economic paradigm

The dangers of exalting GDP and its associated economic paradigm Extracted from “The World After GDP” by Lorenzo Fioramonti (2017) …
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David Card and the minimum wage myth

David Card and the minimum wage myth Lars Syll Back in 1992, the U.S. state of New Jersey raised the …
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Patent monopolies and inequality

Patent monopolies and inequality When we give rich people money, why does inequality surprise us? Dean Baker In recent times …
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Slipping back into old ways of thinking

Slipping back into old ways of thinking Steven Hail Extracted from a Facebook posting on 9th May Saul Eslake, on …
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Large all-electric container barges are launching soon

Large all-electric container barges are launching soon Extracted from Physics and Astronomy Zone [1] – Editor The Dutch company Port-Liner …
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Finance capitalism vs Industrial capitalism

Finance capitalism vs Industrial capitalism Michael Hudson Alliance of Banks with Industry to Promote Reform The capitalism of Marx’s day …
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Home ownership is out of reach for many young Australians

Home ownership is out of reach for many young Australians Editor A recent article in The Sydney Morning Herald on …
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Outcomes of the ‘Biodiversity, Natural Capital and the Economy’ report at the G7 summit

Following Australia’s extravagant claims to climate leadership at the G7 summit, hopes for a more diplomatic approach were dashed by …
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Is 2021 Public Banking’s Watershed Moment?

Is 2021 Public Banking’s Watershed Moment? Ellen Brown [1] This article by Ellen Brown highlights the existence of U.S. legislative …
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Eco-overshoot

Eco-overshoot RWER Blog Editor [1] From William Rees [2] The following article is an extract from the article Growth through …
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Why modern monetary economists reject the loanable funds theory

Why modern monetary economists reject the loanable funds theory Lars Syll Stephanie Kelton: “(Federal] Government deficits always lead to a …
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Can modern technology resolve our ecological concerns?

Can modern technology resolve our ecological concerns? Editor A recent paper by Crelis Rammelt and Phillip Crisp entitled A systems …
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Please, no more questions about how we will pay off the COVID debt

Please, no more questions about how we will pay off the COVID debt Steven Hail There are many uncertainties about …
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Power and the dialect of economics

Power and the dialect of economics Blair Fix If you’ve ever taken Economics 101, then you’re familiar with its jargon …
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Bagehot’s free banking naiveté

Bagehot’s free banking naiveté Do we need central banks, and if so, why? Asad Zaman Chapter 2 of Goodhart’s Evolution …
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The gender wage gap

The gender wage gap Lars Syll The following Avivah Wittenberg-Cox quote and commentary was presented by Lard Syll in a …
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Federal budgets used to have a gender impact statement

COVID-19 has left women, more than men, economically disadvantaged through unemployment, underemployment, lowered incomes, less secure work, greater household and …
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Modern money perspective on Biden’s $1.9-trillion big spend

Modern money perspective on Biden’s $1.9-trillion big spend Lars Syll Excerpt from Stephanie Kelton’s book The Deficit Myth: “ MMT …
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The Scarcity Machine

The scarcity machine Expanding public goods and services is central to successful degrowth – Jason Hickel This short item appearing …
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Population growth, and the which way is up problem, in economics

Population growth, and the which way is up problem, in economics Dean Baker A recent newspaper column by Paul Krugman …
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Angus Taylor’s tech roadmap is fundamentally flawed

Angus Taylor’s tech roadmap is fundamentally flawed — renewables are do-able almost everywhere – Mark Diesendorf The federal government in …
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The U.S. has ample resources for all its energy needs, says report

The U.S. has the resources and technology to shift away from fossil fuels and build an energy system entirely run …
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Why the U.S. New Deal became the No Deal

Why the U.S. New Deal became the No Deal J.D. Alt U.S. progressivism needs to make a special effort, now, …
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Human consumption of energy (1900 to 2020)

Human consumption of energy (1900 to 2020) Comments by Ikonoclast – RWER blogs, 8 June 2021 What really counts is …
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Rooftop solar can teach us three things about our electric car rollout

Rooftop solar can teach us three things about our electric car rollout Bjorn Sturmberg, Kathryn Lucas-Healey, Laura Jones and Mejbaul …
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Move over neoliberalism; rentier capitalism is now king

Move over neoliberalism; rentier capitalism is now king Ted Trainer Because the average person’s prosperity is shrinking, they can’t buy …
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Four purposes of federal taxes

Four purposes of federal taxes Steven Hail Federal taxes have four very important functions. 1. The first one I am …
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Unmaking socio-economic cohesion Part 2

Unmaking socio-economic cohesion Part 2 Evan Jones The neoliberalist ethos has been a long time in gestation and cultivation. Society, …
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Manhattan project to prevent hyperinflation

Manhattan project to prevent hyperinflation J.D. Alt The previous issue of ERA Review contains an article entitled The causes of …
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A Green New Deal without growth

Readers will recall the article by Jason Hickel which recently appeared in ERA Review (v12, n6, p10) Degrowth and MMT: …
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The death of coal-fired power is inevitable

The death of coal-fired power is inevitable Yet the government has no plan to help its workforce Chris Briggs Yallourn …
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Against the odds, South Australia is a renewable energy powerhouse

Against the odds, South Australia is a renewable energy powerhouse. How on Earth did they do it? Michael McGreevy and …
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NAIRU — closer to religion than science

NAIRU — closer to religion than science Lars Syll The non-accelerating inflation rate of unemployment (NAIRU) is a level of …
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Extract from the Gallup World Happiness Report for 2021

Extract from the Gallup World Happiness Report for 2021 Editor Comments from Steven Hail (Facebook posting, 20 March 2021): The …
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Renewables met 97% of Scotland’s electricity demand in 2020

Renewables met 97% of Scotland’s electricity demand in 2020 Editor A BBC news report on 23 March 2021 [1] has …
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Funding for social housing, not home buyers’ grants, is the key to construction stimulus

Funding for social housing, not home buyers’ grants, is the key to construction stimulus Brendan Coates There’s no doubt Australia’s …
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Financialisation and bureaucracy have perverted higher education

Financialisation and bureaucracy have perverted higher education Extract from an interview with Steve Keen The following extract made by the …
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The “trickle down” assumption

The “trickle down” assumption Extract from an article by Ted Trainer The following extract made by the editor of RWER …
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Neoclassical economics III: a machine to destroy the world

Neoclassical economics III: a machine to destroy the world Geoff Davies The false nostrums of the pseudo-science of neoclassical economics …
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LobbyLand and the politics of fossil fuels

LobbyLand and the politics of fossil fuels David Shearman Fossil fuel lobbying is a cancer inflicting death, illness and misery …
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How Bronze Age Rulers Simply Cancelled Debts

How Bronze Age Rulers Simply Cancelled Debts Michael Hudson Clean Slate proclamations were part of the community’s self-preservation. There has …
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Giant oil tanker goes electric with massive 3.5 MWh battery pack

Giant oil tanker goes electric with massive 3.5 MWh battery pack Fred Lambert The project to build the first all-electric …
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Unmaking socio-economic cohesion – part 1

Unmaking socio-economic cohesion – part 1 Evan Jones While the Australian government promulgates US and Australian ‘shared values’, the nightmare …
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Ideology triumphs over evidence:

Ideology triumphs over evidence: Federal government drops the ball on banking reform Kevin Davis Government failure to act appropriately after …
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The cause of hyperinflation in Zimbabwe

The cause of hyperinflation in Zimbabwe Editor This is an answer from Arthur Goldstein to a Quora question on 24 …
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The wealth of many Australians puts them in an elite club wrecking the planet

The wealth of many Australians puts them in an elite club wrecking the planet Alex Baumann and Samuel Alexander Among …
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Not enough work: how power keeps workers anxious and wages low

Not enough work: how power keeps workers anxious and wages low Barbara Pocock The following article in The Conversation appeared …
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Australia will face carbon levies unless it changes course

Australia will face carbon levies unless it changes course John Quiggin Reports that the UK PM Boris Johnson is considering …
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My advice to an aspiring economist – don’t be an economist

My advice to an aspiring economist — don’t be an economist Commentary from David Bollier and Lars Syll A new …
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Neoclassical economics, part II: pseudo-scholarship

Neoclassical economics, part II: pseudo-scholarship Geoff Davies Neoclassical economics is without scholarly integrity. It does not belong in universities. It …
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Why Keynesian economic theories are needed in the modern world

Why Keynesian economic theories are needed in the modern world Steven Hail The world needs to adopt a modern form …
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Superannuation isn’t a retirement income system – we should scrap it

Why super is not a legitimate retirement pillar Cameron Murray Discussions about Australia’s retirement income system typically begin by reciting …
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Climate change after the pandemic

Climate change after the pandemic Human activity is primarily responsible for increased greenhouse emissions John Quiggin Even as the future …
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Ecological Economics

Ecological Economics Asad Zaman This item continues a series of posts on the numerous changes required for creating a Macro-economics …
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New report: Australia’s gas expansion puts the nation in harm’s way

New report: Australia’s gas expansion puts the nation in harm’s way Tim Baxter Australia’s latest emissions data, which was released …
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Transition to a different model of business behaviour

Transition to a different model of business behaviour Matthew Washington The following was extracted from papers at the 3-day NENA …
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Does the national debt matter? Part 1

Does the national debt matter? Part 1 David Andolfatto A report entitled Does the National Debt Matter? by David Andolfatto, …
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Australia’s credit rating is irrelevant. Ignore it

Australia’s credit rating is irrelevant. Ignore it Steven Hail and Matthew Crocker Credit ratings are supposed to measure the risk …
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Modelling the energy and economic damage of climate change

Modelling the energy and economic damage of climate change Steve Keen The following is first draft of a submission by …
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ERA’s concerns and reforms

ERA’s concerns and reforms John Hermann The general thrust of reforms advocated by ERA during the past decade will be …
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Economic Recovery from Covid-19 while mitigating Climate Change

Economic Recovery from Covid-19 while mitigating Climate Change Mark Diesendorf Green growth, based on technological change, is necessary but not …
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Neoclassical economics, part 1: farcical global warming analyses

Neoclassical economics, part I: farcical global warming analyses Geoff Davies Analyses of the economic effects of global warming by some …
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The appallingly bad neoclassical economics of climate changeSteve Keen

The appallingly bad neoclassical economics of climate change Steve Keen The following is the abstract of a paper by Prof …
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Pandemic Musings

Pandemic Musings Peter Radford I have been digging around a fair bit lately trying to understand the role of economics …
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Debt and deficit spending by a monetary sovereign government

Debt and deficit spending by a monetary sovereign government John Hermann Getting a proper understanding and perspective on the debt …
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Political Economy

Political Economy New directions in macroeconomics for the 21st Century – Asad Zaman Olivier Serrat, in “Political Economy Analysis for …
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Hyman Minsky

Hyman Minsky Prophet of financial doom, iconoclast or economic genius? – Wayne McMillan Hyman Philip Minsky (Hy to his friends) …
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It’s not only Westpac

It’s not only Westpac What’s behind the biggest fine in Australian corporate history  – Thomas Clarke Westpac Bank is to …
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Economic possibilities for our granddaughters

Economic possibilities for our granddaughters Hetty Krupka The famous economist John Maynard Keynes wrote an essay in 1930, entitled Economic …
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If a politician says they want affordable homes, they are lying

If a politician says they want affordable homes, they are lying How to make home ownership more affordable – Cameron …
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China’s wicked competitive advantage

China’s wicked competitive advantage A house is for living in, not for speculation – Colin Cook Cheap labour is frequently …
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The Inequality Crisis: The three options

The Inequality Crisis: The three options Edward Fulbrook The everyday operations of our economies produce the goods and services that …
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Degrowth and MMT: a thought experiment

Degrowth and MMT: a thought experiment Jason Hickel We know that Modern Monetary Theory (MMT) is getting a lot of …
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Why Deficits Hurt Banking Profits

Why Deficits Hurt Banking Profits Michael Hudson This is a transcript from an interview on the Real News Network, and …
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Abba Lerner: Economic theorist and father of functional finance

Abba Lerner: Economic theorist and father of functional finance Wayne McMillan Abba Ptachya Lerner (1903–1982) was born in Bessarabia Russia, …
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The climate emergency after the pandemic

The climate emergency after the pandemic John Quiggin In an excess of zeal, I’m planning an Australia-specific book (working title, …
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The antidote to a post-pandemic great recession

The antidote to a post-pandemic great recession Steven Hail Classical economics would prescribe decades of austerity to pay off the …
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Is it impossible to envision a world without patent monopolies?

Is it impossible to envision a world without patent monopolies? We should not face very high prices for a Covid-19 …
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Creative destruction: The Covid-19 economic crisis is hastening the demise of fossil fuels

Creative destruction: The Covid-19 economic crisis is hastening the demise of fossil fuels The fossil-fuel economy is obsolete Peter Newman …
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A few economic problems that must be dealt with

A few economic problems that must be dealt with Editor The following comments by Dr Geoff Davies appeared in a …
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Noam Chomsky explains why the ‘neoliberal doctrine’ has intensified the deadly effects of Covid-19

Noam Chomsky explains why the ‘neoliberal doctrine’ has intensified the deadly effects of Covid-19 Alex Henderson Neoliberalism has been blamed …
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Australia: an emissions super-power

Australia: an emissions super-power Australia has become the world’s biggest exporter of coal and gas Editor The following extracts are …
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Why the euro has to be abandoned if Europe is to be saved

Why the euro has to be abandoned if Europe is to be saved Lars Syll The euro has taken away …
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The true cost of privatising public services

The true cost of privatising public services Editor For decades, advocates of the privatisation of public services have boasted of …
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Investing in a Job Guarantee for Australia

Investing in a Job Guarantee for Australia Editor The following commentary is extracted from the introduction to a 2020 CofFEE …
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Income inequality in the United States

Income inequality in the United States To the victor belong the spoils David Ruccio The following is extracted from an …
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Our future is in our hands

Our future is in our hands Bernard Thomson Over recent weeks and months the Covid-19 pandemic has exerted a significant …
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Corporations prepare to sue over action to save lives

Corporations prepare to sue over action to save lives as pandemic reveals trade flaw – Patricia Ranald Global companies are …
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The Price of Peace

The Price of Peace – Tackling the Deficit Myth Insights that can form the basis of a modern Keynesian revolution …
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Joan Robinson: a pre-eminent economic theorist of the 20th century

Joan Robinson: A pre-eminent economic theorist of the 20th century A survey of Joan Robinson’s impact on economic theory Wayne …
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Joan Robinson on public sector deficits and debt

Joan Robinson on public sector deficits and debt V. Ramanan Here are some extracted quotes from Joan Robinson on deficits …
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Scientists’ warning on affluence

Scientists’ warning on affluence Editor The following abstract is from a recent paper by T. Wiedmann, M. Lenzen, L.T. Keyßer, …
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Keynesianism with an expansionary twist

Keynesianism with an expansionary twist And why the European monetary union has failed – Lars Syll The following commentary by …
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Energy giants seeking to avoid reforms that would lower power bills

Energy giants seeking to avoid reforms that would lower power bills Editor An article by Danel Cass published in The …
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Political economic responses to the coronavirus crisis

Political economic responses to the coronavirus crisis Frank Stilwell This article has arisen from a new issue of the Journal …
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Capitalism and production science vs impact science

Capitalism and production science vs impact science – Ikonoclast (RWER blogs, originally posted as a comment) There is clearly a …
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Three mega-events which shape our minds

Three mega-events which shape our minds Asad Zaman The following commentary has been extract- ed from a longer article by …
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The totalitarian dystopia of the World Economic Forum

The totalitarian dystopia of the World Economic Forum Editor An article by Norbert Häring appearing in Real World Economic Review …
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Burning gas is inconsistent with science-based climate policy

Burning gas is inconsistent with science-based climate policy – David Shearman The following article appeared in the website of Doctors …
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The simple approach to carbon

The simple approach to carbon Warwick Smith What is fee and dividend carbon pricing? Carbon fee and dividend is a …
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The future of air travel and tourism

The future of air travel and tourism John Coulter The author recently sent the following to Sally Neighbour of the …
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Economic realities in the wake of the global health crisis

Economic realities in the wake of the global health crisis Editor This issue of ERA Review touches on aspects of …
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Dark times

Dark times – David Ruccio In the dark times, will there also be singing? Yes, there will be singing. About …
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Supermarkets hit by panic buying

Supermarkets hit by panic buying – Editor According to ABC News on 16th March, shoppers have hit supermarkets in force …
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Neoliberalism is unfit for the purpose of human survival

Neoliberalism is unfit for the purpose of human survival – Editor The following commentary was extracted from an article by …
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Does the federal government’s “credit rating” need protecting?

Does the federal government’s “credit rating” need protecting? John Hermann Has everyone forgotten the role played by the so-called credit …
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The corona virus and our economy

The corona virus and our economy – Editor Much has been written recently about the implications of the advent of …
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Unlike previous recessions, this one has to be managed differently

Unlike previous recessions, this one has to be managed differently – Richard Murphy Priorities for handling the economic impact of …
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Modern monetary theory, the economy and the virus

Modern monetary theory, the economy and the virus – Steven Hail The Covid-19 epidemic is obviously the biggest global emergency …
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It’s time for the federal government to spend

It’s time for the federal government to spend – Editor The following is the introduction to a blog by Prof …
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Filmmaker’s Collaborative documentary: Finding the Money

Filmmaker’s Collaborative documentary: Finding the Money – Editor A Filmmaker’s Collaborative based in San Francisco is making a documentary movie …
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Beyond the global coronavirus crisis: austerity or recovery?

Beyond the global coronavirus crisis: austerity or recovery? Creating the conditions for recovery, stability and sustainability  – Frank Stilwell These …
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Tackle climate crisis and poverty with the zeal of the Covid-19 fight

Tackle climate crisis and poverty with the zeal of the Covid-19 fight Real World Economic Review Editor From the Guardian …
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Our “Scheidel moment”?

Our “Scheidel moment”? – Peter Radford If we are unfamiliar with what a “Minsky Moment” is then we should study …
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Sociopathic societies

Sociopathic societies – Editor In the July-August 2019 issue of ERA Review we reproduced an article by psychotherapist Dr Paul …
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Coronavirus and climate emergency: an opportunity for government

Together, the COVID-19 (coronavirus) and the climate change emergency offer humanity a unique opportunity for economic reform. For Australia, already …
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The shape of the recovery: Those who tell don’t know

The shape of the recovery: Those who tell don’t know Dean Baker There have been a number of pieces in …
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Beware Financial Journalists discussing Government Deficits

Beware Financial Journalists discussing Government Deficits – Steven Hail When financial journalists write about fiscal policy, government deficits and what …
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Corona Debt Jubilee

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