By Kim on August 18, 2011
We learned last week that Joe Hockey plans to cut $70 billion from government spending (as he has to do to fund Tony Abbott’s Direct Action and parental leave policies, and to make up for all sorts of foregone revenue [...]
Posted in Economics, Featured, Policy, Politics | Tagged Australia, Capitalism, debt, deficit, Economics, fiscal policy, GDP, GNI, gross national income, investment, Joe Hockey, Julia Gillard, Keynes, Philip Pilkington, profit, resources boom, resources super profits tax, social democracy |
By Kim on August 8, 2011
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 [...]
Posted in Economics, International, Politics | Tagged animal spirits, credit, debt, demand, Eurozone, financial markets, G20, GFC, gordon brown, international economics, Journey, Kevin Rudd, Keynes, Keynesianism, market rationality, New Labour, regulation, stock market, Tony Blair |
By Mark Bahnisch on April 1, 2010
Whether or not it’s a coincidence that the first of Tony Abbott’s ‘headland speeches’ was on economic policy and was delivered the day after Newspoll showed the Coalition falling behind Labor on economic management, I don’t know. But, given that [...]
Posted in Economics, Howardia, Politics | Tagged asian currency crisis, budget, Coalition, cuts, economic management, economic policy, Economics, fiscal policy, GFC, global financial crisis, headland speeches, Henry Tax review, Joe Hockey, John Howard, Keynes, Lateline, levies, Liberal Party, opposition, parental leave, Peter Costello, spending, stimulus, tax, Tony Abbott, Tony Jones |
By Mark Bahnisch on April 1, 2009
As Kevin Rudd joined Gordon Brown in decrying “the false god” of “unfettered free markets” in London’s St Paul’s Cathedral, Janet Albrechtsen got her apoplexy in early, lamenting the fact that Kevin Rudd doesn’t read Hayek (apparently Ayaan Hirsi Ali [...]
Posted in China, Economics, Europe, History, International, Markets, Philosophy, Politics, Sociology, USA | Tagged Amartya Sen, Ayaan Hirsi Ali, Capitalism, G20, GFC, Giovanni Arrighi, global financial crisis, gordon brown, Hayek, Janet Albrechtsen, Karl Marx, Kevin Rudd, Keynes, London, Markets, Maurice Merleau-Ponty, neo-liberalism, political economy, public intellectual, public interest, social democracy, Sociology, sociology of knowledge, St Paul's Cathedral, St Paul's Institute |
By Mark Bahnisch on January 12, 2009
The economic news of the day was a fall in the number of jobs advertised – as measured by ANZ – to “recession levels” – the eighth successive monthly drop. A number of economists extrapolated this to an unemployment rate [...]
Posted in Economics, Industrial Relations, International, Poverty, Sociology | Tagged ANZ, employment, Fair Pay Commission, global financial crisis, Ian Harper, jobs data, Julie Bishop, Keynes, Liberal Party, Mike Steketee, neoliberalism, social inequality, unemployment |
By Mark Bahnisch on November 20, 2008
The stock market has lost 51% of its value since its peak, a decline we’re told now exceeds the destruction of value seen in 1987. On the ABC News tonight, Alan Kohler grimly pointed to an index (tradeable, I think, [...]
Posted in Disasters, Economics, Markets, Sociology, USA | Tagged Alan Kohler, ALP, ASX, bear market, black monday, consumers, consumption, credit card, Crikey, debt, deflation, economic policy, equities, Glenn Stevens, global financial crisis, inflation, Kevin Rudd, Keynes, recession, reserve bank, Rudd government, stock market, unemployment, wages, Wayne Swan, working hours |
By Mark Bahnisch on October 21, 2008
I can’t recall where I read this, but someone in one of the many interesting things written about the global financial crisis suggested that “Keynes” (of whom we’ve heard more lately than we’ve heard for a long time) might be [...]
Posted in Economics, International, Markets, Politics, Sociology, USA | Tagged Adam Smith, Bretton Woods, credit swaps, derivatives, economic policy, economic sociology, Economics, fiscal policy, global financial crisis, gordon brown, Joseph Stiglitz, Kevin Rudd, Keynes, Keynesianism, Markets, neo-liberalism, political economy, political sociology, sociology of knowledge, subprime mortgages, Wall Street |
The Obama inauguration: some interesting links
By Mark Bahnisch on January 21, 2009
There’s probably literally millions of reactions to Barack Obama’s inauguration on the intertubes today, so I wanted to try to highlight some more specific articles and posts which raise some interesting issues which might otherwise get lost in the crowd. [...]
Posted in Climate change, Economics, Foreign policy, International, Markets, Middle East, Palestine, Politics, The Web, USA, War | Tagged America, Australia, barack obama, Christine Milne, Climate change, commentary, coverage, Democrats, economic policy, fiscal stimulus, Gaza, global finance, global financial crisis, global politics, globalisation, inaugural address, inauguration, Keynes, Keynesianism, Middle East, post-partisan politics, reactions, regulation, rhetoric, us economy, US politics, War, world politics | 8 Responses