FET (old posts)

Giving gifts is often seen as a selfless act, but this is only one side of the story. The act of giving generates implicit obligations, whet...

Background More than anyone, Steve Keen has raised awareness of the role of banking and money creation in driving economic cycles. Not ...

I didn’t predict this outcome. Few did. I thought it was too soon. But I wasn’t naive about the politics of the situation. One of my main co...

The Robinson Crusoe economy is widely used as a teaching aid in economics to explain concepts such as comparative advantage and equilib...

The below presentation by Dr Ole Peters opened my mind. If there was one thing I believed was a reasonable implicit assumption of economics,...

It is the gift that keeps on giving for the Australian property developer lobby. Planning gains. Betterment. Whatever you call it, it is a m...

The workhorse model of urban economics is the Alonso-Muth-Mills (AMM) model of the mono-centric city (the modern treatment is attributable t...

The mysterious real interest rate – the one typically denoted as r in economic theory – does not have a real-life counterpart. This is a pr...

In a previous article (“ Reforming Economics: The Challenge ”), I made the point that organising the jumbled schools of economic thought int...

And so the  debate   rages . Economics needs to change. Always does. The challenge of reforming economics cannot by overstated. Modern mai...