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Category Archives: Economic theory
Malcolm Turnbull and the distraction of economic growth – Independent Australia
If we stop obsessing about economic growth and focus directly on our social aims then economic growth will take care of itself, writes economist Warwick Smith. First published at Independent Australia WHY ARE WE so consumed by the pursuit of economic … Continue reading
A super con – The Monthly
Why compulsory superannuation benefits the financial industry and the rich at the expense of everyone else Published at The Monthly By Warwick Smith Tuesday, 24th March 2015 Superannuation is mostly a con. It involves the funnelling of vast amounts of … Continue reading
Posted in Australian politics, Economic theory, Inequality
Tagged dependency ratio, Economic policy, pension, superannuation, The Monthly
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A sustainable budget surplus is beyond the government’s control, as Joe Hockey has come to realise
Warwick Smith Originally published at The Guardian. Joe Hockey, the treasurer, now concedes he may not be able to deliver his promised budget surplus any time in the foreseeable future. This news is good for private savings because, when the … Continue reading
Posted in Australian politics, Economic theory
Tagged Economic policy, government budget, politics, The Guardian
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Op-ed in The Australian that attacks my guardian article is incoherent
The below op-ed was published in last week’s Australian. It is critical of my piece in The Guardian the week before. I contemplated publishing a reply but after reading the piece properly there’s actually very little substance to reply to. … Continue reading
Posted in Economic theory, Op-ed, philosophy of economics
Tagged deficit, Economic policy, Free market, government budget, The Australian, The Guardian
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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
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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My latest at The Guardian questions the value of pursuing economic growth at all costs
Do we dare to question economic growth? We’ve all been so effectively sold the line that endless growth is essential to maintain and improve our quality of life. This couldn’t be further from the truth By Warwick Smith First published … Continue reading
Guest appearance on Radio Roundup – Main FM
On Friday night I was the guest of Radio Roundup‘s Rusty Nails and Ben Boyang where we spent an hour talking about money. We covered a lot of territory including money creation, interest rates, real estate prices, quantitative easing and … Continue reading
The perils of the last human – by Warwick Smith in New Philosopher magazine
Issue # 5 of New Philosopher is out today and in it is my piece about what we can learn from Nietzsche about modern political economy and climate change. For those of you who don’t know it, New Philosopher magazine … Continue reading
Reconstructing Economics 