John Quiggin

At a certain point in an academic career, you start getting lots of invitations to write book chapters, which is a lot easier than going through the mill of submitting articles to journals, dealing with referee reports and so on. I’ve had three emails in the last few days, telling me that books to which I’ve contributed chapters have come out. The one of most interest to readers here will be The Coal Truth: The fight to stop Adani, defeat the big polluters and reclaim our democracy by...

It’s now more than 100 years since Australian troops landed on a Turkish beach to take part in the disastrous Gallipoli campaign, which ended with nearly 30 000 Australians dead or wounded, among a total of up to half a million on both sides. For many of those years, I’ve been observing Anzac Day and mourning those losses. But in all that time, it’s never occurred to me ask why we were at war with Turkey, or rather why Turkey had chosen to join the German side in the Great War. The answer...

I’ve been arguing for a while that a Guarantee Minimum Income (or Universal Basic Income) ought to be combined with a Jobs Guarantee to would make paid work a genuine choice for everyone. To spell this out, the GMI/UBI would make it possible to live decently without paid work, while a Jobs Guarantee would ensure that paid work was available to everyone. As a medium term policy, the best form of GMI would, I think, be the participation income advocated by the late Tony Atkinson. That is,...

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.

Socialism is much more than public ownership of productive enterprises. Still, if there is one policy that clearly distinguishes socialists from their (or rather our) opponents, it is support for public enterprise as a way of organizing large-scale production, and, in particular, as the preferred model for industries characterized by natural monopoly or other major market failures. The opposite view, dominant since the 1970s, is the market liberal framework that favors comprehensive...

Thanks to everyone who the first eight chapters of my book-in-progress, Economics in Two Lessons. I’ve found the comments on Chapter 8 valuable, but haven’t yet found time to edit in response to them. Soon, I hope! In the meantime, I’ve posted a draft of Chapter 9: Market Failure. Comments, criticism and praise are welcome. The book so far is availableTable of ContentsIntroduction.Chapter 1: What is opportunity cost?Chapter 2: Markets, opportunity cost and equilibriumChapter 3:Time,...

As I mentioned a while ago, in the years that I’ve been blogging, I’ve described my political perspective as “social-democratic”. In earlier years, I mostly used “democratic socialist”. My reason for the switch was that, in a market liberal/neoliberal era, the term “socialist” had become a statement of aspiration without any concrete meaning or any serious prospect of realisation. By contrast, “social democracy” represented the Keynesian welfare state I was defending against market...

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

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.

A while ago, I had a multi-topic post covering some things I hoped to expand on. One of them was this Blowing things and people up is seen as a demonstration of clarity and resolve, unless someone is doing it to us, in which case it’s correctly recognised as cowardly and evil. The most striking recent example (on “our” side) was the instant and near-universal approval of Trump’s bombing of an airfield in Syria, which had no effect at all on events there. We’ve now had another round of...