Thinking about the genuine progress indicator Steven Hail Genuine Progress Indicator (GPI) studies provide a monetary valuation of the net benefits of economic activity, once…
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Steve Keen on what caused the Great Depression and the 2008 Financial Crisis Google AI Overview [1] According to economist Steve Keen, both the Great…
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To avoid future road, rail and renewable blowouts costing billions, Australia needs these three big fixes Dominic D Ahiaga-Dagbui Australia has a remarkably poor record…
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Will Private Credit have a ‘Minsky Moment’ Alan Prout The Financial Review, Australia’s daily business paper, reported in November 2025 that the Australian Securities and…
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Comments on Australia’s rising house prices Steve Keen Extracted from a LinkedIn posting and Youtube video [1] Australia’s housing obsession is one of its greatest…
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Fossil fuel myths are slowing the energy transition Mark Diesendorf Misleading claims about renewables, backed by the influence of the fossil fuel industry, are slowing…
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A real ‘intergenerational equity’ budget would address our unceasing environmental decline Timothy Neal Recently the Australian federal government unveiled a budget designed to tackle intergenerational…
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AEMO should be split in two, transmission put in public ownership in new push for overhaul of “failed” NEM Sophie Vorrath The Australian energy market…
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Australia still needs a real national housing strategy Hal Pawson and Chris Martin Labor’s capital gains tax and negative gearing reforms are a major step…
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“War-Shock Inflation” and Inflation Phobia: Lessons of History for Central Bankers – Anis Chowdhury What can central bankers learn from the 1970s stagflation? The global…
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Recommended video: Are we at a Galileo moment in economics? Richard Murphy What if everything you think about money is wrong? And does it matter…
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Why Minsky still matters Lars Syll Perhaps the foremost financial crisis theorist of our time, Hyman Minsky, had as his central idea that crises are…
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Neoclassical economics vs MMT on the status of savings Jim Byrne The following link – https://www.linkedin.com/feed [1 ] – which appeared on 1 Apr 2026…
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Why the rich don’t pay taxes Lars Syll Beneath the civic ideal of taxation as a collective, equitable endeavour lies an entrenched hypocrisy: the architecture…
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Comparative economic evolution of three countries – and how to improve New Zealand’s mismanaged economy Steven Hail Steven Hail argues that New Zealand is enduring…
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US war on Iran shows renewable energy is an inflation management tool [1] Ingrid Walker The growing energy crisis shows that fossil fuels present a…
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We don’t need billionaires, and we can structure the market so we don’t have them Extracted from an article by Dean Baker [1] The Economist…
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This is the end of the U.S. global monetary system Steve Keen The US-dollar-based international monetary system will not survive this Presidency. There is, of…
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On The Wealth of Nations Susan Borden 250 years on, Jason Furman’s essay goes wrong, not in what it says about Adam Smith, but in…
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Can MMT save AI from catastrophe? John Alt A chief criticism of Modern Monetary Theory (MMT) is that it is inherently inflationary. The simple logic…
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Economics textbooks — scandalous intellectual dishonesty Lars Syll It is well-known that Keynes frequently criticised more traditional economics for committing the ‘fallacy of composition’. This…
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Equations that mask inequality Barbara Williams Students of economics learn obedience to equations that mask inequality. That thought hit me while reading “The Justice Lie”…
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A post-Keynesian discussion of US economic hegemony: resilience or decline? (Part 2) Alan Prout In Part 1 we listed some long-term factors that contribute to…
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Kenneth Rogoff Is (almost) right about the importance of inflation -but entirely wrong about its management Susan Borden America’s debt problem is not what Foreign…
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The Global Financial Crisis from a flawed neoclassical perspective Steve Keen This is a critique by Steve Keen of Lee Ohanian’s paper “The economic crisis…
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Uncertainty is central to Keynesian economics Steven Hail This item is extracted from Steven Hail’s 2018 book Economics for Sustainable Prosperity. The discussion relates to…
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Wealth taxes don’t go far enough: Let’s transform our economy with public money Sheridan Kates Wealth taxes are crucial to build an economy that works for…
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Empathy, morality, civilisation and resisting tyrants Geoff Davies Are we just selfish brutes who need to be civilised into social, moral behaviour? If not, where…
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Renewables over 50%, wholesale prices down – is the energy transition … succeeding? Tony Wood Ten years ago, if a heatwave as intense as January’s record-breaker…
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Empathy, morality, civilisation and resisting tyrants Geoff Davies Are we just selfish brutes who need to be civilised into social, moral behaviour? If not, where…
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What caused both the Great Depression and the 2008 crisis? Steve Keen Mainstream economists completely missed what caused both the Great Depression and the 2008…
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From neoclassical economics to the masking of it with New-Keynesian economics Tyrone Keynes Economists often begin by making assumptions that bear little resemblance to reality.…
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Economic myths Mark Diesendorf The dominant economic system, capitalism, has the goal of generating profit through private ownership and control of the means of production.…
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The China dependency nobody talks about: How smart countries build dumb export structures Darren Quinn Part 4 of my series on vulnerability-based monetary sovereignty Here’s…
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How to talk about it John Alt Framing MMT as a Part of Normative Society Zohran Mamdani [1] will soon be asked the question: How…
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The confident falsehoods of economists and the Nobel Prize Lars Syll Faced with economic theory’s apparent inability to address real economic and financial problems, economists…
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A just transition can remake Australia if we choose to think bigger Peter Hansford A “just energy transition” seeks to balance risks and benefits fairly,…
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From public good to corporate enterprise: The financialisation of universities (Part 2) John H Howard A dominant challenge for universities now is the expectation that…
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A post-Keynesian discussion of US economic hegemony: resilience or decline? (Part 1) Alan Prout Introduction Since 1945 the USA has, at least until recently, been…
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Recommended article: The service sector path to shared prosperity [1] Dani Rodrik We must address climate change, inequality, and poverty simultaneously, but prevailing economic approaches…
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Ben Bernanke — the “expert” who got it all wrong Extracted from an article by Steve Keen [1] Ben Bernanke got the job as Federal…
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Getting rid of fossil fuels is really hard – and we’re not making much progress Martin Brueckner, Charles Roche and Tauel Harper If miners, the…
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The heart of mainstream economics Jim Byrne You need assumptions to build useful economic models – but those assumptions should not influence the results. I…
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From public good to corporate enterprise: The financialisation of universities- (Part I) John H Howard In recent months, Australian universities have been increasingly scrutinized over…
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Failures in privatised care starkly illustrate the inevitable failure of neoliberalism Geoff Davies The failures of privatised child care and aged care have starkly illustrated…
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Key policies for the energy transition Mark Diesendorf The federal government has released its 2035 greenhouse gas emissions target. However, more important than the target…
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When ‘sustainable’ fashion backfires on the environment Erez Yerushalmi and Krishnendu Saha The circular economy – the idea of “reduce, reuse and recycle” – has…
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Are business schools priming students for a world that no longer exists? Carla Liuzzo and Mimi Tsai Endless economic expansion isn’t sustainable. Scientists are telling…
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The Road Not Taken Lars Syll Had the whole discipline catastrophically misunderstood Keynes’ deeply revolutionary ideas? We heterodox economists, who have chosen the road less…
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Fifty years of political economics at Sydney University – what has it meant for us? Evan Jones Earlier this year The Journal of Australian Political…
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