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Author Archives: Warwick Smith
Political donations and the destruction of democratic scrutiny
This is an expanded version of an article originally published at The Guardian. By Warwick Smith Published by the Transnational Insitute. Abstract Many corporations donate to both sides of politics. One of the reasons they do this is to ensure … Continue reading
Interview on economic rent taxes on Sydney’s 2ser breakfast radio
This morning I was on 2ser‘s breakfast program with Mitch Byatt discussing the proposal in my recent Conversation article that we should be increasing taxes on economic rent (unearned income). As usual with such a subject much of the interview … Continue reading
Guardian article on economic myths
Repeat after me: the Australian economy is not like a household budget By Warwick Smith Originally published at The Guardian. Our political and economic thinking has been warped by bad analogies to the point where we can’t see the real … Continue reading
Tax economic rent, not productive activity – The Conversation
How’s this for fundamental tax reform? Target the rentseekers By Warwick Smith, University of Melbourne Tax is back in the spotlight with coalition MPs and the Australia Institute talking about getting rid of some of the exemptions to the GST. … Continue reading
Posted in Australian politics, tax economics
Tagged economic rent, political theory, politics, taxation, taxation policy, The Conversation
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A Mea Culpa and Some Comments on MMT and Fiat Currency Economics
It has recently been pointed out to me that some of my writing on monetary economics has not given proper attribution to the intellectual tradition behind the ideas that I present and that this gives the impression that these are … Continue reading
Why the federal budget is not like a household budget – The Conversation
By Warwick Smith, University of Melbourne Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut government … Continue reading
The perils of the last human: flaws in modern economics
By Warwick Smith, University of Melbourne This article was originally published on The Conversation. Read the original article. Nietzsche’s much quoted line “God is dead” was not, as it is often presented, a statement of triumphant atheism but was a … Continue reading
Posted in Economic theory, philosophy of economics
Tagged consumerism, economic growth, Nietzsche, philosophy, The Conversation
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What will you lose when the carbon bubble bursts?
By Warwick Smith Last week I attended a panel discussion on whether or not the bursting of the carbon bubble would cause the next global financial crisis. The event was organised by the University of Melbourne’s Faculty of Business and … Continue reading
Posted in climate change
Tagged climate change, Economic policy, politics, Ross Garnaut, superannuation
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Hockey’s G20 plan says economic growth is more important than a civilized and humane world
By Warwick Smith Punishing the unemployed in Australia for the lack of available jobs is not enough, Joe Hockey wants all of the G20 countries to adopt his cruel policies. The Australian Government’s growth strategy prepared for this month’s G20 … Continue reading
To attack rather than build is now the norm, but the Coalition’s negative campaigning is backfiring
Attacking a policy simply because it is open to attack can result in painting yourself into an awkward policy corner First published in The Guardian Friday 7 November 2014 By Warwick Smith The Abbott led federal opposition in Australia was … Continue reading
Posted in Australian politics, democracy, Political philosophy
Tagged broadband, climate change, politics, The Guardian, Tony Abbott
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Reconstructing Economics 