How low can we go? To cut the carbon that goes into buildings to net zero, we need radical change Philip Oldfield, Gerard Reinmuth and…
Economic Reform Australia (ERA) Feed Items
Sustainability scientists challenge the dominant economic system
āSustainability scientists challenge the dominant economic system Mark Diesendorf It is a rare event whenever scientists directly challenge the theory, political power and cultural embeddedness…
Coal-free in 14 years as renewables rush in
āCoal-free in 14 years as renewables rush in New blueprint shows how to green the grid ā without nuclear Dylan McConnell Coal will no longer…
Sustainability Scientistsā Critique of Neoclassical Economics
āSustainability Scientistsā Critique of Neoclassical Economics Mark Diesendorf, Geoff Davies, Thomas Wiedmann, Joachim H. Spangenberg, and Steven Hail Citation: Diesendorf M, Davies G, Wiedmann T,…
Escaping the jungle
āEscaping the jungle: Rethinking land ownership for a sustainable Future Asad Zaman Introduction: Beyond the Jungle For centuries, capitalism has told us that land is…
How the Taxpayer Myth Gives Life to the Neoliberal Agenda
āHow the Taxpayer Myth Gives Life to the Neoliberal Agenda Eric Tymoigne āThe taxpayer-driven narrative is not only politically reactionary and mentally stifling, but also…
Hyman Minsky, and the financial instability hypothesis
āHyman Minsky, and the financial instability hypothesis Steven Hail A simple explanation of why our economy goes up, up, up, then down, down, down! Hyman…
We canāt have billionaires and stop climate change
āWe canāt have billionaires and stop climate change Jason Hickel Over the past few years, the worldās leading Earth system scientists and climatologists have published…
Chinese electric vehicles are transforming Australiaās car market
āChinese electric vehicles are transforming Australiaās car market. Are we getting a good deal? Sanjoy Paul and Priyabrata Chowdhury Chinaās electric vehicle (EV) manufacturers are…
In a free market, drugs are cheap
āIn 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
āUniversal 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
āAn 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 ā¦
āWhen it comes to power, solar is about to leave nuclear and everything else in the shade Peter Martin The federal opposition leader might have…
Small modular reactors have promise
āSmall modular reactors have promise But we found theyāre unlikely to help Australia hit net zero by 2050 Ian Lowe and Kylie Walker Australiaās clean…
āEconomicsā, our master narrative manufacturing our demise
āāEconomicsā, our master narrative manufacturing our demise Richard Parker If economists could manage to get themselves thought of as humble, competent people on a level…
An interconnected economic reality ā Part 2
āAn 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?
āTrying to save money? Our research suggests it is better to pay in cash ā while you still can Lachlan Schomburgk, Alex Belli and Arvid…
An interconnected economic reality Part 1:
āAn 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
āAdvantages 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 ā with friends like these, you donāt need enemies ā part 2
āCapitalism with friends like these, you donāt need enemies part 2 Steve Keen This is the second part of a chapter from Prof Steve Keenās…
The future is not evenly distributed
āThe future is not evenly distributed Greg Reid It has been assumed by most western economists that as China develops, its rate of growth will…
Global warming and the threat of cheap Chinese electric vehicles
āGlobal 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 ā part 2
āComplex 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?
āWhere did money come from? Steven Hail For the most part, economists continue to believe a story of money told to generations of students by…
Wind, solar and pumped hydro are all we need, and cheaper
āWind, solar and pumped hydro are all we need, and cheaper Geoff Davies Wind, solar and pumped hydro energy storage can provide all the electrical…
Labour productivity and real wages: an update
āLabour productivity and real wages: an update Wayne McMillan Australian workers have experienced a considerable decline in real wages and overall productivity, due to a…
Complex economies embedded in the biosphere
āComplex 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
āMMT 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 youāve got a dark roof
āIf youāve got a dark roof, youāre spending almost $700 extra a year to keep your house cool Sebastian Pfautsch and Riccardo Paolini If you…
Mortgagees paying for corporate price gouging
āMortgagees paying for corporate price gouging Editor This item by Andreas Bimba embraces material extracted from William Michellās blogsite [1]. It appears in a Facebook…
āNew Keynesianā unemployment ā a paid vacation essentially!
āāNew Keynesianā unemployment ā a paid vacation essentially! Lars P. Syll Both Real Business Cycle and New Keynesian models see unemployment as an accidental and…
Capitalism ā with friends like these, you donāt need enemies (part 1)
āCapitalism with friends like these, you donāt need enemies (part 1) Steve Keen This is a chapter from Prof Steve Keenās book Rebuilding Economics from…
Rethinking economics with Angus Deaton
āRethinking economics with Angus Deaton Editor Mainstream economics has placed efficiency before ethics and human wellbeing It is no secret that mainstream economics is grounded…
A successful energy transition requires managing power use
āA successful energy transition requires managing power use So how do we make demand more flexible? Chris Briggs Energy security concerns are mounting as renewable…
No economy exists apart from the ecologies which sustain it
āNo economy exists apart from the ecologies which sustain it Peter Newell This item is extracted from an article which appeared in RWER blogs on…
Land ā funding and inflation
āLetter 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…