The limits of market rationality
On one hand, this whole global financial crisis (is that what we’re having again?) thing is horrendously complex. On the other, it’s quite simple. Let’s focus on the simple. The meltdown that followed the end of the credit and housing [...]
Power shifts East?
Political and military power lags behind economic power, but the bill falls due. This could be the way the hegemon ends, not with a bang but with a Tea Party.
We don’t need to buy stuff? Peak Consumerism
Post-GFC, there are now arguments in places like The Economist and the New York Times that we’ve passed Peak Consumerism.
Ken Henry resigns
ABC News: The Federal Government has confirmed Treasury secretary Ken Henry is resigning from his role. He will finish up early in the new year and will be replaced by Climate Change Department secretary Martin Parkinson. Confirming Dr Henry’s resignation [...]
The Irish morass
Perhaps understandably, my comments on the Irish situation Guy Rundle mentioned in an article I re-posted were somewhat lost in the plethora of discussion about WikiLeaks. So it’s worth giving the Irish situation a post of its own. Paul Krugman [...]
Rundle on the current conjuncture: the GFC, Wikileaks and the reconfiguration of state power
Something is happening here. But we don’t know what it is. [Apologies to Bob Dylan in "Ballad of a Thin Man".] As is probably well known to regular readers, I’m quite the admirer of Guy Rundle’s writing and analytical skills. [...]
CPD post: Arvanitakis on the success of the stimulus
During the election campaign, LP will be cross-posting selected items from the Centre for Policy Development’s discussion of policy issues, Thinking Points. Readers may also be interested in the CPD’s collection of policy ideas and priorities for the next term, [...]
We are not the world?
Much as we might to think that our concerns are highly insular, they’re not. “Sustainable Australia” has dominated what consideration there has been of foreign policy in this campaign, and the rest of the world has otherwise loomed on our [...]
CPD post: McAuley asks if Coalition economic policy is a Nauru solution
During the election campaign, LP will be cross-posting selected items from the Centre for Policy Development’s discussion of policy issues, Thinking Points. Readers may also be interested in the CPD’s collection of policy ideas and priorities for the next term, [...]
Open economists’ letter on Labor’s stimulus
John Quiggin has published an open letter from 50 academic economists arguing that the stimulus package prevented Australia from going into recession:
The Treasurers’ debate
Today, we have Wayne Swan and Joe Hockey going head to head at the National Press Club at lunch time. I won’t be watching it, because I have a full time job and I’m at work. That’s the problem with [...]
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