FET (old posts)

New ideas and analysis by Dr Cameron K. Murray

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Wednesday, January 29, 2014

Tribes, Gods, Indeterminancy, Property, Capitalism

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The title of this post reflects the tone of my casual reading list for about the last month. I wanted to provide a brief comment on some of ...
Sunday, January 26, 2014

Why is return-seeking optimal?

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In my rather long introductory post on the new theory of the firm  (now published here ) I developed with Brendan Markey-Towler , I listed ...
2 comments:
Sunday, January 19, 2014

Time for a new theory of the firm

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I don’t know how best to say it, so here it goes - the current mainstream theory of the firm is dodgy . Real dodgy. Put simply, the theory o...
38 comments:
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:
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