Tag Archives: keynes

A Fiscal Vaccine for COVID-19 with Tony Makin – new podcast episode

In my latest podcast episode, I speak with Professor Tony Makin of Griffith University about his new CIS Policy Paper A Fiscal Vaccine for COVID-19. In Tony’s words: “the paper considers the resurgence of crude Keynesianism before highlighting risks of … Continue reading

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Paradox of Thrift in recessions and depressions

The Australian’s economics editor Adam Creighton is today advocating for public sector wage cuts by Australian governments, a policy which may be morally virtuous but would be economically damaging in this time of economic contraction, in my view (see Coronavirus … Continue reading

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The 7 habits of highly effective economists – Part 1: Habits 1 to 3 for private victory

I’ve recently become a huge fan of Tim Ferriss’s extraordinary podcast The Tim Ferriss Show. One of the questions Tim regularly asks his super-successful guests is: What is the book (or books) you’ve given most as a gift, and why? … Continue reading

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Keynes’s Economic Consequences of the Peace in its centennial year

I recorded this video yesterday morning on some possible reading/re-reading for the Australia Day long weekend: John Maynard Keynes’s Economic Consequences of the Peace, now in its centennial year. You can find the book’s full text online. The book was published … Continue reading

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Recommended reading: Empire of Things

In 2015-16, Australian households consumed $929 billion of goods and services. Consumption is central to our economy. In the Great Depression, John Maynard Keynes exhorted Britain’s “patriotic housewives” to spend money at the sales, lest they put a man out … Continue reading

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Recommended reading on Keynes as a Universal Man

One of the best books of the year is Richard Davenport-Hines’s Universal Man: The Seven Lives of John Maynard Keynes. These seven lives are: altruist, boy prodigy, official, public man, lover, connoisseur and envoy. The book emphasises Keynes as a … Continue reading

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