Keynes

Categories under Keynes

  • No categories

Delivering the Green New Deal

Written By: - Date published: 3:40 pm, September 18th, 2016 - 2 comments

London-based macro-economist Ann Pettifor will speak on this topic at Wesley Church, 75 Taranaki Street, Wellington, on Tuesday 20 September at 5:30pm. Ann is a member of the Green New Deal Group, whose proposition  is designed to power a renewables revolution, create thousands of green-collar jobs and rein in the distorting power of the finance sector while making more low-cost capital available for pressing priorities. All welcome; more info inside.

Quantitative easing for the masses

Written By: - Date published: 8:25 am, March 13th, 2016 - 136 comments

It seems that “serious economists” are discussing something called “helicopter money”. Would it fly in NZ?

The great big list of John Key’s big fat lies (UPDATED)

Written By: - Date published: 7:00 am, January 27th, 2016 - 76 comments

How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.

A calculated feeding of the beasts within

Written By: - Date published: 2:13 pm, February 5th, 2015 - 74 comments

The social democracy of my youth has radically collapsed into our current culture of individualism, privatisation and personal greed.

Doing what works

Written By: - Date published: 9:21 am, November 4th, 2013 - 88 comments

One of Steven Joyce’s favourite refrains is that Labour is trying to take us back to the 1970s. You know, those dark days when unemployment was near non-existent, wages were high, growth was strong despite external shocks, we had nearly no foreign debt, profits stayed here, were we one of the richest and most egalitarian countries. He’s not far wrong.

I know, how about a Jobs Summit

Written By: - Date published: 10:57 am, January 12th, 2013 - 150 comments

Today, Fran O’Sullivan calls Key out on his complete failure on jobs: “If I have one New Year’s wish it is that John Key returns from his Hawaiian summer holiday brimming with enough determination to challenge the nation’s employers – and himself – to tackle youth unemployment.” In fact, she is the latest of the rightwing’s pundits to conclude neoliberalism has failed.

Sunday Reading

Written By: - Date published: 9:30 am, July 29th, 2012 - 1 comment

My regular Sunday piece of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere (no linkwhoring).  This week: hiding tax, growing up neo-liberal and Syria.

The austerity death trap

Written By: - Date published: 7:15 am, October 25th, 2011 - 88 comments

In response to tough economic times, Government austerity programmes do more harm than good.  It’s a pretty simple equation based on the debt / GDP ratio.  With an election coming up soon, NZ needs to look for economic competence and a willingness to try new ideas, rather than muddling along deeper into the austerity death trap.

Keynes vs Hayek debate at the London School of Economics

Written By: - Date published: 12:28 am, August 6th, 2011 - 25 comments

BBC Radio 4 in the UK has a very interesting debate pitting followers of Keynes vs those of Hayek

Expansionary austerity – fail

Written By: - Date published: 9:00 am, April 21st, 2011 - 32 comments

Expansionary austerity is the idea that cutbacks in government spending can stimulate economic growth.  Empirical evidence shows that it doesn’t work.  Current experience shows that  it’s not working in Britain, and it isn’t working here.  Like “trickle down economics” this favourite of the political Right is not so much a theory as a deluded fantasy.

Building our future

Written By: - Date published: 12:00 pm, March 10th, 2011 - 66 comments

Facing a housing shortage in Auckland now and a massive rebuilding programme in Christchurch to come, the Government has announced the biggest public building initiative since World War 2. Thousands of unemployed young people will be paid to train as apprentices in building trades and contribute to their country’s future.

Institute for New Economic Thinking

Written By: - Date published: 10:30 am, December 23rd, 2010 - 2 comments

All those who think Keynes is dead (and those who merely wondered what happened to him) should check out the website of George Soros’s Institute for New Economic Thinking (INET). A remarkable range of economic luminaries are presented on video and powerpoint, most or all of them arguing for a radical Keynesian solution to the financial crisis.

Treasury: peering into the dark with a broken torch

Written By: - Date published: 12:09 am, November 2nd, 2010 - 54 comments

I saw Labour’s press release yesterday about the latest Treasury monthly statements. Basically, Treasury says ‘the economy’s a whole lot worse than we expected but we stand by our growth forecasts in the Budget’. Odd, because the Budget forecast 1.6% growth so far this year and it has actually been 0.7%. How good is Treasury at forecasting?

Lest we forget

Written By: - Date published: 1:45 pm, January 31st, 2009 - 49 comments

The New Republic has a good article on Keynes that points out the tendency for governments (specifically in the US) to flock toward Keynesianism during the bad times and ignore it when things pick up and to implement the facets of Keynesianism that suited their own agenda rather than the nation as a whole: If […]

Recent Comments

Recent Posts

  • Government announces review of organisational culture and processes at the Human Rights Commission
    Justice Minister Andrew Little today announced that he has ordered a review of the procedures and organisational culture at the New Zealand Human Rights Commission, following recent concerns about the handling of allegations of sexual harassment. ...
    22 hours ago
  • Andrew Little attends World Government Summit
    Justice Minister Andrew Little will today represent New Zealand at the World Government Summit in Dubai, United Arab Emirates (UAE). ...
    1 week ago
  • We should all have documents with dignity
    Trans and intersex people in our community have been waiting too long for the dignity they deserve. It’s been a decade since the Human Rights Commission first highlighted the need to simplify the process for trans and intersex people to ...
    GreensBy Jan Logie
    1 week ago
  • Waitangi 2018 photo essay
    Last week heralded what felt like a historic moment at Waitangi. Proceedings moved from Te Tii Marae – a change deserving of its own discussion – to the Upper Marae, and both Government and Opposition Members of Parliament were welcomed ...
    GreensBy Chlöe Swarbrick
    1 week ago
  • Fixing health AND the climate
    I had the absolute delight of visiting Middlemore Hospital this week to celebrate their success in tackling climate change. Counties-Manukau DHB have managed to lower their carbon emissions by 20 per cent over five years. Not only is this great ...
    GreensBy Julie Anne Genter
    2 weeks ago