Category Archives: economics

IAN McAULEY. The National Electricity Market is a mess. Morrison wants to make it messier.

The National Electricity Market needs re-design involving re-nationalisation of networks and “retailers” because privatisation and structural separation have failed.

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ALLAN PATIENCE: Capitalism has run amok!

If the 2007/08 Global Financial Crisis wasn’t sufficient evidence that something is deeply pathological within the contemporary capitalist system, then Ken Henry’s at times truculent, at times ruminative responses to questioning before the Financial Services Royal Commission should provide food … Continue reading

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MICHAEL KEATING. Economic Strategy for the 21st Century

Traditionally economists have tended to ignore distributional issues. These issues were considered to rest on value judgements, and to therefore be outside the purview of orthodox neo-classical economics. To the extent that distribution did enter the economist’s model, it was … Continue reading

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TED TRAINER. The case for de-growth will continue to be ignored.

A de-growth movement has emerged, mainly in Europe, in response to the fact that global levels of production and consumption are now grossly unsustainable. A vast literature documenting this has accumulated over almost fifty years.  But the official world of … Continue reading

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IAN McAULEY.  How Peter Dutton and Kelly O’Dwyer set themselves up to look ridiculous.

A year ago, when the Turnbull Government had been dragged into setting up a commission on the finance sector, Peter Dutton and Kelly O’Dwyer relished the thought of exposing bad behaviour in the union-dominated industry superannuation funds, even though it … Continue reading

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IAN McAULEY. Watch for Morrison’s next round of economic impression management.

Before Christmas the Government will produce the Mid-Year Economic and Fiscal Outlook. It’s a fair bet that it will reveal a small cash surplus for this year, giving Morrison an opportunity to brag about the Coalition’s economic expertise. But this … Continue reading

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ROSS GITTINS. Our oldies have never had it so good (SMH 5.11.2018)

Don’t let anyone tell you Scott Morrison is out of touch. When he says that, if he had the money, he’d increase the age pension rather than the dole, he’s reflecting the views of most older Australians. Everyone knows it’s … Continue reading

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JOE ROACH. Inequality-A case of wood and trees.

Economists love data. For some it is a case of the more the merrier….or, at the least, the more data the more articles than can be published. Whether this contributes much to the overall good is doubtful. When it misleads … Continue reading

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