FIRE sector eats into productivity

A must read for those interested in Prof Michael Hudson’s commentary on the growing influence of the FIRE sector in rent seeking activities, cross posted from Macrobusiness. By Leith van Onselen Business Spectator’s Rob Burgess made the following keen...

The Barometer of the Economy

The Kavanagh Putland Index Dr Gavin Putland Thursday Oct 20th, 6.30pm 1/27 Hardware Lane RSVP pls to this free event. Dr Gavin Putland will analyse the size of the Australian land bubble in the context of previous land booms. This indicator compares bubbles in...

Asset Bubbles always end in tears..

photo credit: sekundo Throw out the theory! That’s what policy makers are doing world-wide. From neo-liberalism to neo-handouts, one must ask what has happened to confidence in free market theory? Which leader in the western world will stand up? Failure to...

Three Dimensional Economics

by Karl Fitzgerald as published in Arena Magazine, Feb-March, 2008, Edition 93 In a period where the twin crises of global warming and the wealth gap are attacking society from both sides, policy makers are continually limited in their effectiveness by a two...