Volume 11 No.2 - March/April 2019
Contents
Growth and GDP: don’t mention the G-WordsLet’s focus on rules for the ownership of things and money that work for the common good
Geoff Davies
20th anniversary of the euro — no reason for celebration
Real people have to pay dearly for fundamentally flawed doctrine
Lars Syll
What is wrong with mainstream economics?
Inadequate analysis of its failures is a devastating indictment of modern mainstream economics
Editor
What is competition?
Many economists misunderstand competition
Editor
Why Germany leads in renewables
It has its own green bank
Ellen Brown
The U.S. bank bailout of 2008 was unnecessary
Saving the banks became the first priority, rather than saving people’s homes and jobs
Dean Baker
War and peace and the steady-state economy
There is a necessary interdependence between peace and a steady state economy
Herman Daly
Reforming Australia’s banking system
How do we build an anti-fragile financial system that serves the real economy?
Steven Hail
The explicable mystery of the national debt
The true character of sovereign treasury securities
J.D. Alt
Green New Deal
a proposed economic stimulus program aiming to address inequality and climate change
Editor
The Green New Deal is happening in China
China is massively pushing to convert to electric powered vehicles and cleaner energy sources
Dean Baker
Volume 11 No.1 - January/February 2019
Contents
The poison beer of GDPAttempting to maximise the growth of GDP will be socially and environmentally destructive
Herman DalyOur world does not operate as a pure market economy
And neoclassical economics cannot explain it
Dave Elder-VassUS pharmaceutical prices began to explode in the 1980s
Nearly doubling as a share of GDP over the decade
Dean BakerSummary of The Great Transformation by Karl Polanyi
We should focus on ensuring that people have the right to earn a decent livelihood
Asad ZamanRichard Feynman on the limitations of mathematics
Mathematics is a powerful tool but used without discretion can lead one astray
Lars SyllFulfilling the world’s energy demand in the next fifty years
Electricity will be supplied by renewable sources and storage technologies
Mark DiesendorfAn energy revolution is coming
Electrical energy generated from solar panels is cheaper than energy produced from fossil fuels
EditorNews about the Trans Pacific Partnership
Extracted from the AFTINET bulletin of Oct-Nov
EditorThe world’s largest vanadium redox flow battery
Owing to its unique properties, this type of battery will reduce the cost of energy storage
EditorEconomic ‘recovery’ leaves most citizens behind
The labour share of business income has been falling
David Ruccio, Jamie MorganJesus: the economic activist
The Hudson Report: The history of debt cancellation and Jesus’ economic justice activism
Michael HudsonTrump’s war on the Fed
Is the Fed’s stated intention to raise interest rates a mistake?
Ellen BrownThe decoupling delusion
Rethinking sustainability
James Ward et alRenewables reduce energy prices in South Australia
The biggest reason for higher wholesale electricity prices in SA is higher gas prices
Editor
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. AltBook 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 EditorKeen versus Krugman
Mainstream economics wrongly asserts that credit and money are neutral, with no impact on real economic activity
John BalderThere is nothing sacrosant about corporate culture
We can and must regulate it.
Ann Wardrop and David WishartWhat should be the purpose of economic policy?
And what role can, and should, economists play in guiding policy decisions?
Rachel FrenchNeoclassical economists — a bunch of idiot savants
They do not understand what is happening in the world today
EditorIs there a case for restoring the gold standard?
Trying to get gold back into the monetary system is a very bad idea
Lars SyllIs the U.S. Federal Reserve privately owned?
The Fed is not owned by anyone, however it was established to serve the public interest.
EditorGovernments left clueless by economic orthodoxy
Economics, as now mostly practised, is largely self-reinforcing rather than self-correcting
EditorMainstream economics and Modern Monetary Theory
What really divides them? A very great deal indeed!
Steven HailThe 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 HailMinsky on secure employment
Guaranteed employment for all
EditorCorporations and mainstream media on “horrors” of higher wages
Plutocratic control of the political process guarantees inequality
Dean BakerWhat 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 DiesendorfNew coal doesn’t stack up
New power generation in Australia is mainly solar and wind
Matthew Stocks and Andrew BlakersThe renewable energy train is unstoppable
The NEG needs to get on board
Ken BaldwinDoes economic growth make us happier?
There is no correlation between economic growth and happiness in the long run
EditorFixing corporate governance – more than rearranging deckchairs
Reforming corporate structures
Andrew Linden and Warren StaplesThe loanable funds fallacy
Banks are not barter institutions that transfer preexisting loanable funds
Lars SyllCEO pay is not about value for money
Their remuneration is more about white male entitlement
Carl Rhodes and Peter FlemingKeynes – getting money into perspective
Keynes Book QuoteRBA evidence that you’ve been played for a sucker
The numbers in the Government’s accounts aren’t money
Damian PenstonBook extract, from Managing Without Growth:
Slower by Design, Not Disaster, by Peter Victor, publ by Edward Elgar
Part One EditorOnly speculators will profit from an Australian economic crash
The RBA thinks high stock prices are more important than unemployment
Steve KeenHow favours bleed the nation
Editor
Volume 10 No.4 - July/August 2018
Contents
The irresponsibility of (so-called) fiscal responsibilityFederal spending didn’t wreck the economy; deregulation and greed did
Dean BakerBusting the NAIRU myth
Wages and employment can increase at the expense of corporate profits without causing inflation
Lars SyllStark contrast between U.S and French inequality
EditorHow are you going to pay for it?
EditorFederal Treasury recognises the ‘benefits’ of breaking up banks
EditorAchieving genuine progress in Australia
Robert Costanza, Philip Lawn, Ian Lowe, Peter MartFunding infrastructure
Why China is running circles around America
Ellen BroThe Italian economic crisis
Why the euro must be abandoned
Lars SyllAustralia’s ‘electric car revolution’ won’t happen automatically
Graciela Metternicht, Gail BroadbentGlobal investment in renewable energy is outshining fossil fuels
EditorKate Raworth on economics for the 21st century
EditorCommentary on Doughnut Economics by Oxfam International
EditorBudget : another unfortunate budget
Steven Hail
