John Quiggin

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 Like this:Like Loading...

The publication date for my new book, Economics in Two Lessons, is set for May 2019. Until then, I’m putting extracts up on a Facebook page I’ve set up. Here’s the first one, part of the Introduction. Like this:Like Loading...

In my recent piece in The Guardian, mostly about Adani, I observed The paradoxes of Adani are mirrored in the global coal market. Despite a small increase in 2017, global coal production is below its 2013 peak. Yet prices have recovered strongly, yielding big profits to existing miners and offering a seemingly tempting prospect for new mines. It turns out that this isn’t quite right. The benchmark Newcastle price, for low-ash coal with a heat content of 6000kcal/kg has risen strongly,...

I have a piece in The Guardian under the headline Adani’s rail line cut shows project is on life support but still a threat to climate, starting with the observation The recent announcement by Adani that it will halve the costs of its rail line to the proposed Carmichael coalmine by building a shorter, narrow-gauge line raises an obvious question: if such a massive cost-saving is feasible, why didn’t Adani go that way in the first place? I also address the broader question If coal is...

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

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 Like this:Like Loading...

I’ve been busy finishing the manuscript of my book, and dealing with policy issues as they came up, so I haven’t paid a lot of attention to the Liberal leadership saga. One thing that strikes me is that Josh Frydenberg has had exceptionally favorable coverage, apparently on the basis that he’s likable and popular. That’s fine, but if you’re going to appoint someone as Treasurer, shouldn’t a successful track record be a necessary (though not sufficient) condition? Morrison, for example,...

Talk about “hung parliaments” always presses my hot buttons. It’s coming up in relation to the NSW elections due in March, and will doubtless re-emerge when the next national election is called, unless it looks like an obvious walkover. As I’ve said many times, the term, derived by analogy from “hung jury” rests on the presumption that a Parliament without  a majority for either Labor or the L-NP coalition is incapable of governing properly. Experience suggests the opposite. A majority...

That’s the title of my latest piece in The Guardian, responding to a Matt Canavan spray against critics of a recent CSIRO report canvassing options for expanded irrigation in Northern Australia. Interestingly, although Canavan comes across as a typical North Queensland developmentalist (for whom I would have some sympathy) he’s actually from the South-East corner, a UQ economics graduate and a former senior official of the Productivity Commission. Ten years ago, he’d have been debunking...

As regular readers will know, I’ve spent a generation or more [1] deriding what I call the generation game – the idea of dividing the population up into birth cohorts (categories based on year of birth) such as Boomers, X-ers and so on (Millennials weren’t invented when I started) and assigning them various supposed characteristics.  Most of the time, this exercise is little better than astrology. To the extent that there is any semblance to reality it simply reflects the fact that...