Volume 10 No.3 - May/June 2018
Contents
A comfortable betrayalThe false debate of the economic mainstream narrative
J.D. AltBank of England: How money is created
EditorScience and the quest for truth
Objective truth is an important concept in any real science
Lars SyllThe Myth of the 2020/21 Surplus
A surplus budget within two years is not achievable
John KellyNeoliberal v Neoclassical economics
There are important differences between the two
Claire ConnellyTrump’s trade war, and ‘fair’ rather than ‘free’ trade
Trump is picking an unnecessary neoliberal “free trade” fight
Steven HailBank income and spending – Part 2
Discussion with Jamie Walton John HermannU.S. Economic trends, ten years after the crash
We have renewed instability and a likely new dramatic crash
David RuccioThe Bayer-Monsanto merger is bad news for the planet
Agribusiness giants will destroy the ecosystem for more profit
Ellen BrownRecent 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 guaranteeEssential components of future sustainable prosperity
Steven HailStudent debt slavery
Bankrolling financiers on the backs of the young
Ellen BrownA qualitatively improving steady-state economy
As an alternative to continued growth
Philip LawnThe ‘mystery’ of low wages
As identified by Henry George
EditorWhat is a steady state economy?
Extracted from the CASSE website
EditorBank income and spending
Commercial bank interest income is a flow
John HermannThe zombie TPP is back
Abridged from the NZ-based The Daily Blog
Jane KelseyAustralian financial regulators need policing
Regulators are at best misguided, and at worst captured
Andrew SchmulowSelf-driving, electric and shared vehicles – utopia or nightmare?
A holistic management approach is needed Jake Whitehead
Michael KaneThe benefits of job automation might not be shared equally
Workers’ wages are not growing in line with productivity growth
Shahid Shahiduzzaman, Marek Kowalkiewicz, Rowena BarrettTen drivers damaging the living world
Identified by recent ACF commissioned research Editor
EditorThe 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 collapseWhy 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 SyllKeynes on employment
EditorBig banks are committing major crimes against our climate
To stop runaway climate change, the banks must be on board
Alison KirschWhy 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 RuccioGeneral thinking about government deficits is mostly wrong
Abbreviated version of an article by Stephanie Kelton
Darian HilesThe 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 SmithWhy the big four asked for a parliamentary inquiry into banking
The banks are seeking to influence the terms of reference
George RennieLatest financial inquiry will fall short of what is needed
John Hermann
What happened in the mid 1970s?
Editor
Volume 9 No.6 - November/December 2017
Contents
Keynes and the creation of a new economic narrativeWho could be creating such a narrative?
Editor
Big banks financing environmental disasters
Editor
A conversation about job guarantees
An email conversation with a Journalist
Steven Hail
Water, health and wealth
Summary of a Working Paper
EditorLocal government initiatives in Europe
Initiatives from Berlin and Amsterdam
EditorThe seven sins of economists
Sins of omission and commission
EditorThe ABS is wrong: inequality is getting worse in Australia
Wealth concentration growing for the 1%
Christopher Sheil and Frank StilwellCountries intending to phase out combustion-engine vehicles
EditorJobs, taxes and politics
Three ways electric vehicles will change our world
Hussein DiaEconomyths: the five stages of economic grief
Economists are slowly coming to terms with their role in the GFC
David OrrellThe Treasurer’s claim that wages growth requires profit growth
Productivity and wage increases are out of kilter
EditorRational expectations – the triumph of ideology over science
EditorMonsanto’s violence in India: the sacred and the profane
The dictation of foreign capital on Indian development
EditorMemo to mortgagors .. get your house in order
An economic tsunami is coming
John KellyInequality and immiseration in the U.S.
The evidence
David RuccioRichard Thaler gets the ‘Nobel prize’
Lars Syll
Volume 9 No.5 - September/October 2017
Contents
The biggest intellectual scandal of our timeMainstream economists do not understand what central bankers understand
EditorNeoliberalism doesn’t work
It doesn’t do what it says it can, and we can prove it
Steven HailThe counter-intuitive dimension of economic reality
Real world economics requires us to tame the authority of our intuition
Edward FullbrookMainstream monetary theory
Neat, plausible, and utterly wrong
Lars SyllThe future of economics
Pretending everything is okay only restricts our understanding of what is happening
Steve KeenU.S. will meet Paris accord commitments despite Trump’s withdrawal
Renewable energy will be the cheapest form of power by 2020
EditorWhat can Tesla’s giant South Australian battery achieve?
In support of grid stability
Ariel Liebman, Kaveh Rajab KhalilpourMajor Australian bank found to be in breach of money-laundering laws
EditorU.K. to ban petrol and diesel cars by 2040
EditorHome ownership falling, debts rising
It’s grim for the under 40s
Roger WilkinsAustralian housing affordability the worst in years
Evidence that our economic system is eating the young alive
Philip Soos, Lindsay DavidChina’s Belt and Road initiative
This vast infrastructure initiative is arguably China’s largest and most ambitious economic undertaking
EditorAustralia’s interest in China’s One Belt One Road
Australian businesses should take advantage of the opportunities available
Alice de JongeWarren Buffet on derivatives
Buffet describes derivatives as financial weapons of mass destruction
EditorKrugman and Mankiw on loanable funds – so wrong
William Vickrey compellingly demolishes the loanable funds theory
Lars Syll
