By now, the failure of the global economic recovery following the 2008 crash has become so obvious that even economists have started to notice it.
Keynesian economics
Where do economists go from here?
Even with all the great economic minds of the world, we didn’t avoid the global financial crisis. Stephanie Flanders speaks to some major economists about the way forward for world economies and the focus we need on behavioural economics.
Even the GFC can’t reverse the Left’s decline
When the GFC hit, the neo-liberal consensus seemed shaky. There was a return to Keynesian approaches. But German election results suggest any hoped-for social democratic revival will be short-lived, says Trevor Cook
Why households must save to save the economy
Keynes’ Paradox of Thrift says that if everyone starts saving during a recession then reduced demand can make things worse. So spending has traditionally been encouraged. But a new IMF paper challenges the theory.
Political economy: skepticism wanes
Crisis, what crisis, asks Henry Thornton? Risks remain, but the Australian economy is looking positive, even if international investors are often sceptical about it.
Now’s the time to raise taxes
Spending cuts could easily be substituted with tax rises, if only the British government could keep its nerve, argues Larry Elliot. With a budget deficit of 12% of GDP, it needs to do something.
The end of the free market?
In the latest edition of Foreign Affairs magazine, Ian Bremmer claims that the global free market has run its course.
Hold the champagne on Australia’s growth figures
The collective fawning over the March quarter growth figures by the press gallery shows a thorough misunderstanding of Australia’s economic predicament.
RATED RUDE The Death of Capitalism
Capitalism is dying…
