Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia JULY 2014 Schalkenbach Foundation 123rd Annual Henry George Dinner, 3rd September Featuring Professor John Freebairn of Melbourne University Wednesday September 3rd Royal Society of Victoria, 8 Latrobe St, Melbourne From 6pm RSVP & TicketsWe are delighted to announce one of […]
One of the biggest impediments to labour mobility are stamp duties levied on housing transactions. Stamp duties can add tens-of-thousands of dollars to the cost of changing home, leading to fewer transactions and discouraging labour mobility.
123rd Annual Henry George Dinner, 3rd September Featuring Professor John Freebairn of Melbourne University We are delighted to announce one of Australia’s most pre-eminent economists, Professor John Freebairn, will be guest speaker at this year’s Henry George Commemorative Dinner. With the state election nearing, he will be speaking on the reforms Victoria needs to keep on the move. […]
Tues August 5th, 6.30 – 8pm Presenter: Karl Fitzgerald 2/22 Punch Lane, Melbourne RSVP to assist our planning. Is California’s booming sharing economy capable of outdoing the economies of scale of big business? Will planned obsolescence be a thing of the past? Karl Fitzgerald has the insights on the good, the bad and the beautiful […]
Part II: The Neoclassical Response to the Classical Theories of Inequality and Growth by Polly Cleveland, cross-posted from Dollars & Sense Read Part 1 Mason Gaffney has shown how many individuals helped construct neoclassical economics, often with financial support from the robber barons and their successors. I will focus on two: in the United States, […]
In Sydney where the ABS says established houses are a median $670,000, at least $64,000 of that is due to ‘gearer competition displacing homebuyers via price. Given Sydney is ground zero of ‘gearer displacement, this is likely a gross underestimate of the price consequences.
by Polly Cleveland, cross posted from Dollars & Sense. In Thomas Piketty’s doomsday model, slowing of growth in the twenty-first century will cause an inexorable increase in inequality. Piketty is not the first to propose a grand model of inequality and growth. To get some perspective on his model, let’s see what the “classical” economists […]
“A citizen can hardly distinguish between a tax and a fine,” wrote G.K. Chesterton, “except that the fine is generally much lighter.” In Victoria, for example, the stamp duty payable on the purchase of a $600,000 house-land package (below the median price for Melbourne) is more than $30,000 — or about 150 times the fine for […]
By Catherine Cashmore Cross posted from all over the web, including Naked Capitalism. Yves here. This post looks at how little has been done in the wake of the global financial crisis is instructive because it takes an international view. The Australian writer, Catherine Cashmore, is particularly anxious about the failure to address the usually […]
Libertarians and conservatives denounce Pigovian taxation because it would serious decrease profits for those doing the cost externalisation e.g. the wealthy and big business. Because uncorrected external effects are so rampant and thus a sign of the grave inefficiencies of capitalism, they have to be denied to even exist.