FET (old posts)

New ideas and analysis by Dr Cameron K. Murray

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Monday, August 31, 2015

So, about the inefficiency of stamp duties…

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Australia’s economic commentariat is now almost unanimously on board with the idea that stamp duties on property transactions are immensely ...
2 comments:
Tuesday, August 18, 2015

Nanny state submission

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Australia's new libertarian Senator David Leyonhjelm has called for a Senate Inquiry into Australia's creeping 'nanny state'...
Sunday, August 2, 2015

The confused economic orthodoxy

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Last year I presented the idea that perhaps a firm objective function of maximising their rate of return on all costs is more consisten...
6 comments:
Tuesday, July 7, 2015

ACE 2015: Day 1

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This week I'm attending the Australian Conference of Economics . The main event today was a debate on the topic that economics educati...
2 comments:
Wednesday, July 1, 2015

Gay marriage: an institutional perspective

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Since I last wrote about the issue I think we have all decided to just call it marriage now . Four years ago I hadn’t put much thought int...
Thursday, June 25, 2015

Dodgy rezoning, a summary

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If you click the news link above you will see that  my research on land rezoning decisions  and the relationship networks of land owners has...
9 comments:
Saturday, June 20, 2015

Division of labour is the outcome, not cause

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I’ve written twice now on the spurious ideas in the division of labour story as an underlying cause of productivity growth in economics. ...
5 comments:
Thursday, June 18, 2015

Endless repositories of ad hoc explanations

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Division of labour. It’s a thing. A big thing in economics. But like many core economic concepts[1] it is mostly an endless repository of ...
Monday, June 15, 2015

The inferiority of renting

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Debates about housing affordability in Australia are clouded by the belief that renting is an inferior substitute to home ownership. Ren...
2 comments:
Wednesday, June 10, 2015

Adam Smith’s Pin Factory: Capital vs division of labour

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Like many well-trained economists, I took  Adam Smith’s argument  about the productivity gains from the division of labour at face value. It...
6 comments:
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