The widespread failure of economists to predict the 2008 credit crunch and subsequent Global Financial Crisis led Her Majesty the Queen to ask what had gone wrong. She received very different responses from representatives of mainstream and heterodox perspectives. The mainstream economists'...

This paper examines some of the impacts of the widespread adoption and use of the Internet in advanced countries on business, consumers and the media. It is argued that while capital costs of entry into Internet-based businesses may be very low, this does not guarantee that markets in which such...

This paper examines the future for the growth and transmission of knowledge with a particular focus on the collision between the zero-marginal-cost economics of online publishing and the finite attention spans of those who download content. The paper tries to show that while it is likely that...

Peter Earl is an associate professor of economics at the University of Queensland, and a rebel. He is a behavioural economist, and was one long before such creatures became acceptable. His interests lie in the economics of information, and more particularly in using contributions from psychology...