Thirty years ago, in April 1975, Milton Friedman, came to Australia to declare that the world economic situation manifestly unsound.[1] Friedman asserted on that trip what Michael Kalecki predicted in his 1943 article would be the response of ?captains of industry? to Keynesian macroeconomic...

This article analyses and speculates upon an interesting but unsettling development within the Australian economic profession. It argues that there is a schism within the profession when it comes to providing economic commentary to the media. We argue that only financial market economist voices...

The Tasmaninan Government has recently followed the reputably successful New Brunswick Government of Canada in setting up an industrial strategy to build an information technolgy (IT) industry of significance. The strategy aims to overcome isolation in small region-based economies and...

Many quantitative studies have shown a stylised fact that fluctuations in business fixed investment dominate the business cycle pattern. The dynamics of the investment process have historically been seen as important elements of capital formation and economic progress. Why is it then that...

Costa Rica is a small Central American nation that has gained an international reputation as a leader in environmental conservation. This has formed the base for its highly successful small-scale ecotourism industry. However, there are threats from high rates of deforestation and expanding...

This paper is an academic discourse through the vast new evolutionary economics literature surrounding the knowledge-based economy and what Kalecki s insights can contribute. In a way it is a counterfactual trip into a Kaleckian world as if he was born a century later.

The "economics" problem arises with the need for investment at high and stable levels to produce long term secure employment (even at reduced hours of work and better income distribution), for it is such investments which engenders economic growth with corresponding threats to the sustainability...

The 2009 ?Great Recession? has created a severe collapse of business expectations to coincide with severe financial overexposure. In this economic climate there is the tendency for the private sector to withdraw from investing in the future and for the public sector to seek to protect the major...