Tag Archives: Economics

Rage Against the Machine!

The Enlightenment bequeathed us the view we are not machines. Capitalism is a machine serving itself and which makes the self a machine. Ira contra machina! Continue reading

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Corporate Power and the Failure of the Australian Labour Market

The Australian labour market increasingly exhibits the classical signs of market failure due to positive externalities. The best approximation to Paul Krugman in Australia is the economic correspondent for The Guardian Greg Jericho. Economic literacy is a critical component of … Continue reading

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The Road to Denuclearisation in Korea: Strategic Stability and Minimum Deterrence Now, Denuclearisation Through Economic Leverage Later

Rather than focus on denuclearisation the emphasis for now should be on mutual and balanced conventional force reductions on the Korean peninsula. Washington’s economic clout gives it leverage to demand denuclearisation thereafter. Denuclearisation continues to dominate the airwaves, with President … Continue reading

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What Kim Jong Un and Ronald Reagan Share in Common: Supply Side Economics Nuclear Style

Pyongyang has told us to look more closely at the resolution of April’s Central Committee plenum. Doing so sheds much light on Kim’s supply side economics. North Korea just keeps pulling you in even amidst a desire to write of … Continue reading

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Of Reform and Revolution: The Case of John Maynard Keynes

To imagine the ideal society is easy, to bring it about is hard. That is as true as it is cruel, and it is a dilemma that revolutionaries have faced from time immemorial. One aspect of that dilemma is the … Continue reading

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On the Humanities and Naturalistic Inquiry

I cannot think of many who had the same depth of insight and breadth of interest as David Hume, and his accounting of history and its relation to the sciences remains apposite. Consider his well known, and still controversial, declaration … Continue reading

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Economic Growth and the Doomsday Argument

Say there are two lottery urns, one containing 1000 balls each numbered from 1 to 1000, and the other containing 10 balls each also numbered from 1 to 10. We have two individuals, one Alice the other Bob. Alice will … Continue reading

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Why Only US? On The Very Idea of a Social Construction

Albert Einstein never won the Nobel Prize for physics on account of relativity, even though it became a well accepted part of our understanding of nature and acquired empirical support well within his lifetime. It was considered too different, too … Continue reading

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Why North Korea’s Missile Success Isn’t a Secret, and Why a Solid Fuelled ICBM Might Come Sooner than Later

A perceptive Japanese economist has described North Korea’s economy as that of a poor advanced country, an important observation. Many, but by no means all, of the key developments underpinning North Korea’s successful development of a long range missile capability … Continue reading

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North Korea and Nuclear Strategy: Risk , Rational Expectations and the Stability of Deterrence.

With regard to the nuclear standoff with North Korea, rightly, attention is increasingly turning from considerations of missile throw-weights, re-entry vehicle dynamics, and weapons type and yield to questions of nuclear strategy. I have, naturally, written much regarding both here … Continue reading

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