John Quiggin

Reversing its position for the second time in about a week, the Morrison government has refused entry to Milo Yiannopoulos, known, among other things, as a promoter of “ironic” Nazi trolling of the kind practised by the Christchurch murderer, whose actions he implicitly endorsed, describing the victims as practising a “barbaric and evil “religion. This isn’t a free speech issue: Yiannopoulos’ repulsive statements are still freely published here, and there has been no attempt to...

Large numbers of school students have gone on strike today to protest about global inaction on climate change. This action has been met with a lot of huffing and puffing to the effect that students should stay in school and leave politics to adults. Ideally, this would be the correct view. Part of the social compact of democracy is that the adult voting population should take account not only of their own interests but those of children who currently can’t vote and of future...

The slides from my Keith Hancock lecture at ANU, which I gave last week, are here. More on this soon. Like this:Like Loading...

I’ve just published a piece in Aeon (an excellent and free online magazine) drawing on the analysis in my (about to be published) book Economics in Two Lessons. I make the case that carbon pricing, whether through a tax of an emissions trading scheme, is the most cost-effective way to stabilize the global climate. Moreover, it’s straightforward to offset any adverse effects on low-income earners, displaced workers and others. That raises the obvious question: if carbon pricing is so...

It seems to be taken for granted in political commentary, particularly on the political right, that the Liberal and National Parties face a geographical problem in which pro-coal policies are an electoral loser in wealthy city seats in Sydney and Melbourne, but a winner in Queensland, and particularly in regional Queensland. The key issues are the proposed Adani coal mine and the idea of a publicly-funded coal-fired power station. No one seems to have mentioned an obvious problem...

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link http://eepurl.com/dAv6sX You can also follow me on Twitter @JohnQuiggin, at my Facebook public page   and at my Economics in Two Lessons page Like this:Like Loading...

That’s the headline given to my latest piece in Inside Story Here’s the opening para Two hundred years after the birth of Karl Marx and fifty years after the last Western upsurge of revolutionary ferment in 1968, the term “monopoly capitalism” might seem like a relic of outmoded enthusiasms. But economists are increasingly coming to the view that monopolies, and associated market failures, have never been a bigger problem. and the conclusion The problems of monopoly and...

A few years ago, I wrote a series of articles in Jacobin showing how Locke’s theory of property, on which most modern propertarianism is based, was entirely consistent with his personal involvement in American slavery and the expropriation of indigenous Americans. Historian Holly Brewer has come to Locke’s defence, pointing to more evidence about Locke’s involvement in American affairs, of which I was previously unaware. I’ve responded[1], arguing that, far from exonerating Locke, the...

The central idea of Modern Monetary Theory (MMT), as I understand it, is that, rather than worrying about budget balances, governments and monetary authority should set taxation levels, for a given level of public expenditure, so that the amount of money issued is consistent with low and stable inflation. In this context, the value of the net increase in money issue is referred to as seigniorage. To the extent that seigniorage is consistent with stable inflation, it is achieved by...

A new sandpit for long side discussions, conspiracy theories, idees fixes and so on. Like this:Like Loading...