Economic Reform Australia (ERA) Feed Items

We can’t have billionaires and stop climate change Jason Hickel Over the past few years, the world’s leading Earth system scientists and climatologists have published…

Hyman Minsky, and the financial instability hypothesis Steven Hail A simple explanation of why our economy goes up, up, up, then down, down, down! Hyman…

Small modular reactors have promise But we found they’re unlikely to help Australia hit net zero by 2050 Ian Lowe and Kylie Walker Australia’s clean…

“Economics”, our master narrative manufacturing our demise Richard Parker If economists could manage to get themselves thought of as humble, competent people on a level…

Chinese electric vehicles are transforming Australia’s car market. Are we getting a good deal? Sanjoy Paul and Priyabrata Chowdhury China’s electric vehicle (EV) manufacturers are…

In a free market, drugs are cheap Government-granted patent monopolies make them expensive Dean Baker This simple point was left out of a Washington Post…

Universal public services: the power of decommodifying survival Jason Hickel One of the central insights emerging from research on degrowth and climate mitigation is that…

An alternative alternative economics How socially engaged Buddhism compares with established heterodox schools Nick Johnson This post compares 4 prominent nonmainstream, or heterodox, schools of…

When it comes to power, solar is about to leave nuclear and everything else in the shade Peter Martin The federal opposition leader might have…

An interconnected economic reality Part 2 Dynamic change and complexity in economics and modelling Dennis Venter This article is a continuation of part 1, by…

Trying to save money? Our research suggests it is better to pay in cash – while you still can Lachlan Schomburgk, Alex Belli and Arvid…

Global warming and the threat of cheap Chinese electric vehicles Dean Baker Suppose the G-7 finance ministers sat down and worked out a plan to…

Complex economies embedded in the biosphere with the commons restored part 2 Geoff Davies This is the continuation of the article with the same name…

Where did money come from? Steven Hail For the most part, economists continue to believe a story of money told to generations of students by…

An interconnected economic reality Part 1: Rethinking the economics curriculum Dennis Venter This is the first part of an article by Dennis Venter describing an…

Advantages and applications of sodium-ion batteries Editor The following item has been extracted from a Wikipedia entry entitled Sodium-ion battery. The Na-ion batteries possess some…

Capitalism with friends like these, you don’t need enemies part 2 Steve Keen This is the second part of a chapter from Prof Steve Keen’s…

The future is not evenly distributed Greg Reid It has been assumed by most western economists that as China develops, its rate of growth will…

Labour productivity and real wages: an update Wayne McMillan Australian workers have experienced a considerable decline in real wages and overall productivity, due to a…

Wind, solar and pumped hydro are all we need, and cheaper Geoff Davies Wind, solar and pumped hydro energy storage can provide all the electrical…

Rethinking economics with Angus Deaton Editor Mainstream economics has placed efficiency before ethics and human wellbeing It is no secret that mainstream economics is grounded…

‘New Keynesian’ unemployment — a paid vacation essentially! Lars P. Syll Both Real Business Cycle and New Keynesian models see unemployment as an accidental and…

Capitalism with friends like these, you don’t need enemies (part 1) Steve Keen This is a chapter from Prof Steve Keen’s book Rebuilding Economics from…

Mortgagees paying for corporate price gouging Editor This item by Andreas Bimba embraces material extracted from William Michell’s blogsite [1]. It appears in a Facebook…

Complex economies embedded in the biosphere with the commons restored – Part 1 Geoff Davies How can we construct an economics consistent with the biophysical…

MMT sees America through rapid economic recovery Stephanie Kelton and Steven Hail Modern monetary theory has been influential in helping America rise out of the…

If you’ve got a dark roof, you’re spending almost $700 extra a year to keep your house cool Sebastian Pfautsch and Riccardo Paolini If you…

No economy exists apart from the ecologies which sustain it Peter Newell This item is extracted from an article which appeared in RWER blogs on…

Letter from Colin Cook (SA) Re: Finding the tools to end the cost-of-living crisis [ERA Review Jan/Feb 2024] Towards the end of 2020 there was…

A successful energy transition requires managing power use So how do we make demand more flexible? Chris Briggs Energy security concerns are mounting as renewable…