FET (old posts)

In the theory of return-seeking firms there is no supply curve as such.  There are simply reactions by firms given their expectations about...

Tyler Cowen has an article in the New York Times about the egalitarian tradition of economics.   It appears to be a genuine effort to prom...

The image below is a network image of Australian lobbyists and their clients.  Click for full size image.

Earlier this year I wrote a Mathematica model to demonstrate some of the fallacies of neo-classical models of economic growth.  For some rea...

Article first appeared at MacroBusiness Even though more words have been written about Australia’s productivity performance than most other...

There is a detailed academic debate surrounding health care funding and provision in Australia (as there is globally).   But...

Article first appeared at MacroBusiness The US economy has shown some signs of stabilisation over the past few months.  For example, r...

New Zealand is a beautiful country with great people and a relaxed attitude. One factor that supports a relaxed attitude is New Zealand’s...

This post originally published at MacroBusiness The Commonwealth Treasury released a  consultation paper  last month on propose reform...