Search Results for: "Modern Monetary Theory"
The Deficit Myth with Stephanie Kelton
…talked to Professor Stephanie Kelton about her new book “The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy” in conversation with our chief economist at the…
New Research Symposium on Work in the "Gig Economy"
The symposium includes contributions from four leading labour market scholars, first presented to a special seminar last year at the conference of the Society of Heterodox Economists in Sydney. The…
Advance Australia Fair? What to do about growing inequality in Australia
This paper is written in partnership with Australia21. Australia has a long and proud tradition of equality, but in recent decades the benefits of strong economic growth have flowed disproportionately…
Corporate Profits Must Take Hit to Save Workers
…post-pandemic corporate profits to workers. A new report, Profit-Price Inflation: Theory, International Evidence, and Policy finds that corporate profits still account for the clear majority of cumulative excess inflation since…
Money and Power: The case for better regulation in banking
The power of Australia’s big four banks is unmistakeable. Their underlying profits equate to almost three per cent of GDP, up from less than one per cent a quarter of…
The Wages Crisis Revisited
A comprehensive review of Australian wage trends indicates that wage growth is likely to remain stuck at historically weak levels despite the dramatic disruptions experienced by the Australian labour market…
Exploring the Decline in the Labour Share of GDP
The share of total economic output in Australia that is paid to workers (in the form of wages, salaries, and superannuation contributions) has been declining for decades. Workers produce more…
Ideas Into Motion
Our Director, Dr. Jim Stanford, was recently asked to contribute his ideas on the links between progressive economics and real-world social change movements for a forthcoming collection: The Handbook of…
Turning ‘Gigs’ Into Decent Jobs
…In the modern economy, this last criteria is hardly exrtaordinary: virtually any job imaginable today relies on some form of digital task allocation or management. Despite the media hype which…
Choice Overload: Australians coping with financial decisions
This report investigates the increasing complexity of financial decisions. It finds that many Australians believe that financial investments and superannuation are too confusing. The paper surveys Australian attitudes to personal…