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John Quiggin

Monday Message Board

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...

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The three party system after the election

I’ve been writing for a while about the global emergence of a three party system, consisting of (a) the Trumpist right, (b) a green-socialist-social democratic left and (c) the remains of the former consensus between hard and soft versions of neoliberalism. How does this analysis look after the Federal election and Labor’s defeat? The first point to observe is the crucial role of essentially random shocks. As with Trump and Brexit, we’d be having a very different discussion if...

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Irregular email update

Here’s my email update. Sign up if you’d like to get it delivered to your mailboxHi all,It’s been quite a while since my last email news, which I sent out before the May election.  Following Labor’s loss, I resolved to avoid commentary on political strategy or day-to-day politics, and to spend more time thinking about global and long term issues, such as climate change and the global choice between socialist and Trumpist futures.I’ve mostly stuck to that resolve discussed the...

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A new two-party system?

Recent elections (notably including those for the European Parliament) have shown the evolution of what I’ve called a three-party system, replacing the alternation between soft and hard versions of neoliberalism dominant since the 1980s. The three parties in this analysis are the (a) remaining elements of the neoliberal consensus, (b) Trumpists[1], and (c) leftists, defined as broadly as possible to encompass greens, feminist, social democrats, old-style US liberals, as well as those...

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Monday Message Board

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...

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Opportunity cost, MMT and public spending (crosspost from Crooked Timber)

I’ve been busy for the last week doing events for Economics in Two Lessons, so I didn’t have time to take part in the discussion arising from Harry’s post on alternatives to Sanders’ proposal to wipe out college debt. In one way, that’s a pity because the key point of the book is the idea of opportunity cost – the true cost of anything, for us as individuals, and for society as a whole, is what you must give up to get it. More precisely, it’s the best alternative available to us....

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Gleebooks Tomorrow

I’ll be doing the Sydney launch of my new book, Economics in Two Lessons at Gleebooks tomorrow (Thursday 27 June). I’ll be talking to the always insightful Peter Martin, so it should be a great event. Details here. Last night’s Brisbane launch, at Avid Reader with Paul Barclay (ABC Radio, Big Ideas) was very successful Less empty space than at Trump’s inauguration!Share this:Like this:Like Loading...

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Freedom of contract or freedom of speech

A number of comments on the Folau case have made the point that Folau failed to pay attention to the terms of his contracts with Rugby Australia [1] and also with GoFundMe, with the implication that he has only himself to blame for the outcome . That’s a cute debating point, but it’s not one that should be used by those of us concerned with protecting workers’ rights. The use of contractual terms to constrain what workers say and do outside working hours is a misuse of the power of...

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