FET (old posts)

New ideas and analysis by Dr Cameron K. Murray

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Tuesday, December 31, 2013

Behind neoclassicism's undiminished dominance

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I am reading Yanis Varoufakis 's excellent book, Economic Indeterminancy . Today I want to share a section from that book, from whi...
Sunday, December 22, 2013

Free entry assumption means zero prices

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When learning about market models, perfect or otherwise, one critical assumption is that of free entry (and implied is free exit or fre...
9 comments:
Sunday, December 8, 2013

What equality-efficiency trade-off?

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As my online debates with ‘well trained’ economists continue with full force I will again use this blog as an outlet to expand on argume...
4 comments:
Thursday, December 5, 2013

Meltdowns and Mankiw

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Two classic tantrums caught my attention this week, and they are both promising signs for the future of humanity (at least in some small...
Wednesday, December 4, 2013

Australia's external position. Discuss

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I have written about real wealth and Australia's external position in the past; in relation to a proposal for a sovereign wealth fund an...
Tuesday, December 3, 2013

Three years on: Cargo bike review

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I am now a local ambassador for Dutch Cargo Bikes. If you would like to test rise this bike in Brisbane (or a three wheeler) email me at ...
6 comments:
Sunday, December 1, 2013

Policy and worship of prediction markets

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The idea of the market as ‘information aggregator’ is, like many ideas, probably as old as humanity itself, but Friedrich Hayek is usual...
2 comments:
Wednesday, November 27, 2013

Defending the econ status quo

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In post GFC naval-gazing discussions about the nature of the economics discipline important questions have arisen about the discipline’s gen...
1 comment:
Tuesday, November 26, 2013

Three long term housing metrics

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Philip Soos does an excellent job of compiling and sharing long term Australian housing data. I don’t want to replicate that sort of compre...
1 comment:
Sunday, November 24, 2013

You can’t borrow from the future!

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“We are borrowing from the future” is a common phrase you might hear from economists musing about the state of the economy; about the be...
5 comments:
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