FET (old posts)

New ideas and analysis by Dr Cameron K. Murray

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Sunday, June 22, 2014

Is Chang's economic development really complexity?

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I am reading Ha-Joon Chang’s new book Economics: The User’s Guide . About half way through he makes a big effort to explain that GDP is qui...
Tuesday, June 17, 2014

Age of entitlement - my SBS Insight notes

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With my upcoming debate on entitlement in Australia I though I'd better watch Insight on SBS to see what punters think. If you misse...
2 comments:
Friday, June 6, 2014

NSW hands builders and developers rents, again

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NSW is preparing to streamline laws to enable redevelopment of strata-title lots. These new laws give more power to developers attempting t...
Monday, June 2, 2014

Retirement confusion: Savings are not investment

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I’m constantly surprised at how fundamental concepts in economics are so easily confused as soon as they are applied to real-life policy. ...
Saturday, May 31, 2014

Quick links: Crony politics, utility, Becker, exports

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The Greens proposed in parliament to implement a Federal Independent Commission Against Corruption with similar powers to the NSW Commission...
3 comments:
Wednesday, May 28, 2014

Bogus economic excuse for inequality debunked

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As I explained yesterday , saving by an individual is usually achieved by buying monopoly assets from others, forgoing consumption in ord...
Tuesday, May 27, 2014

Can a nation save?

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I want to offer here a brief analysis of how I think about saving and investment, and why it is important to be very clear about these c...
2 comments:
Wednesday, May 21, 2014

Unique economics of healthcare

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I was prompted to write this follow-up on health economics after seeing a recent post by blogger Noah Smith, who weighs in with some rea...
13 comments:
Wednesday, May 14, 2014

Twisted logic of GP fees

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The Budget’s proposed $7 GP co-payment fee seems quite benign to many people. After all, if you are genuinely sick or concerned about your...
1 comment:
Thursday, May 8, 2014

Piketty's wealth tax is real, and it works

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As the Piketty-train rolls on it leaves behind it a trail of confusion in economic circles about the proposition to reduce inequality via ...
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