Category Archives: Economics and economy

A sobering message from CIS. Wake up Australia!

Our economy has been described as “the wonder down under” but complacency rules and chaos beckons under Green/CFMEU administration. A glance at the table of economic and financial indicators at the back of The Economist shows Australia leading the pack … Continue reading

Posted in Economics and economy, Rafe | Leave a comment

The Opportunity Costs of Socialism

The American Government (ahem, The Council of Economic Advisers) has just released a new paper – 72 pages in length – titled: The Opportunity Costs of Socialism. Here are the first paras from the Executive Summary to give you a … Continue reading

Posted in Economics and economy, Socialism | 14 Comments

That has got to hurt

So Professor Jeffrey Sachs was on Q&A this week. Beating his own drum: No, I’m sorry, with respect, what I have helped to lead has been a massive decline of poverty on the same side as you, helping to get … Continue reading

Posted in Economics and economy, Shut it down. Fire them all. | 73 Comments

A dark age coming

The headline story in The AFR today begins: The federal government has slammed plans by business to go it alone on climate and energy policy but industry leaders are holding their ground and have the backing of Labor and the … Continue reading

Posted in Economics and economy, Federal Politics | 22 Comments

Tell that to ASIC

Matt Canavan, quite rightly, has issued a warning to big business: Federal Resources Minister Matt Canavan has warned big business not to form its own policy on greenhouse gas emissions in the wake of the dumping of the National Energy … Continue reading

Posted in Economics and economy, Oppressive government, Rule of law, Shut it down. Fire them all. | 26 Comments

The bang-your-head-against-a-wall theory of economic policy

I’m in the middle of writing a paper on Classical Economic Theory which has as its central theme how near impossible for someone educated within one school of economic thought to understand another. My own belief is that one can … Continue reading

Posted in Economics and economy | 9 Comments

You can hardly believe how ignorant some people are

  And dangerous too. Endless ignorance from The Washington Post: Five myths about capitalism. Greed, a natural human instinct, makes markets work. Corporations must be run to maximize value for shareholders. Workers’ pay is an objective measure of economic contribution. … Continue reading

Posted in Economics and economy, Economics on the left | 18 Comments

Boettke on Hayek. It’s the institutions, stupid!

Skipping over some chapters on heavy-duty economics we get to the heart of Boettke’s concerns with Chapter 9 “Hayek, Epistemics, Institutions and Change”. This is a heavy-duty chapter as well and it covers a lot of ground from teasing apart … Continue reading

Posted in Economics and economy, Rafe | 13 Comments

Labor on franking credits

There is an article on the AFR that puts a dollar figure on the ALP’s policy to pocket tax refunds and not repay them in full. According to the ANU modelling, the loss of the refunds was like reducing superannuation … Continue reading

Posted in Economics and economy | 28 Comments

Boettke on Hayek. Misconceptions

This is the second in a series of slow readings of Peter Boettke’s book on Hayek. The first was a sketch of the Pete’s mission to show how the institutional analysis of social and economic processes charted by Hayek can … Continue reading

Posted in Economics and economy, Rafe | 3 Comments