John Quiggin

I’m still writing furiously (in both senses of the word) about climate change, the fire disaster in Australia and the responsibility the entire political right bears for this catastrophe, along with those of the centre and left who have shirked the struggle. Australian writer Richard Flanagan, in the New York Times, has compared our leaders to famous traitors like Benedict Arnold, Vidkun Quisling and Mir Jafar, and that’s a pretty good summary of how large numbers of Australians feel....

As promised, my article on climate change and the death of libertarianism/propertarianism, in Jacobin. Conclusion Global warming is the ultimate refutation of Lockean propertarianism. No one can pump greenhouse gases into the atmosphere while leaving “enough and as good” for everyone else. It has taken thirty years, but this undeniable fact has finally killed the propertarian movement in the United States. Share this:Like this:Like Loading...

There have been Australia Days more loaded with fear and foreboding than yesterday’s (in 1942, for example), but not many. Richard Flanagan’s jeremiad in the New York Times might be overstated, but it’s a lot closer to the mark than our appalling Prime Minister’s suggestion that we should take the time to celebrate our greatness as a nation. Share this:Like this:Like Loading...

Ross Gittins has a very nice piece in the SMH today, with some kind words about Economics in Two Lessons which he recommends as “the best book to introduce you to economics”. Ross says that the crucial concepts in economics are: Opportunity cost (of course!), the Invisible Hand (roughly, my Lesson One), imperfect competition, market failure and externalities (the microeconomic component of my Lesson Two). His final para gives the lie to those who imagine economists oppose action...

Looking at our elected leaders, it’s hard to avoid the feeling that we, as Australians, deserve the cataclysms that have been visited upon us in the last few months. And reading the international press coverage of the disaster, this is a theme that constantly recurs. Yet its less than a year since 49 per cent of us voted for a policy program far better than that of the government that scraped in or the shell-shocked opposition that proposes to wait until 2022 before doing anything....

Back again with 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...

One of the more tenacious beliefs on the political right is that their support for nuclear power demonstrates superior rationality and openness to evidence. But the evidence is that, no matter what the structure of energy markets no one is willing to choose (new) nuclear power over any of the alternatives: gas, renewables and coal. That’s bad in the sense that the true costs of new and existing coal far exceed those of even new nuclear. But where those costs are factored in to...

It wasn’t that long ago that everyone was talking about the “libertarian moment” in the US. Now, libertarianism/propertarianism is pretty much dead. The support base, advocacy groups and so on have gone full Trumpists, while the intellectual energy has shifted to “liberaltarianism” or, a more recent variant, Tyler Cowen’s conversion to “state capacity libertarianism“. Most of those departing to the left have mentioned the failure of libertarianism to handle climate change. It was...

Blackrock, the world’s largest asset manager has announced some big steps towards divestment from thermal coal. As I observe in this article in The Conversation, Blackrock’s shift marks the point at which divestment has become the norm for financial institutions, and continued involvement with coal a choice that must be justified in the face of the evidence. As has already happened with Adani’s Carmichael project, thermal coal miners and power station developers will soon find it...

That;s the headline for my latest piece for Independent Australia Obviously, costs like ecosystem destruction and the deaths of millions of native animals can’t easily be put into the framework of the National Accounts. But, even if we stick to the National Accounts, Gross Domestic Product is a terrible measure of economic welfare. As I always say, there are three reasons for that; it’s Gross, it’s Domestic and it’s a Product. Share this:Like this:Like Loading...