Category Archives: Economic theory

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 , , , , , | 1 Comment

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

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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

Posted in Australian politics, Economic theory, Modern Monetary Theory | Tagged , , , , , | 5 Comments

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

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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

Posted in climate change, Economic theory, Sustainability | Tagged , , , , , | 2 Comments

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

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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

Posted in climate change, Economic theory, philosophy of economics | Tagged , , , , | 5 Comments