Archive for ‘September, 2009’

10 results.
Sep27

It’s Hard Being a Bear (Part Six)?Good Alternative Theory?

by Cassander on September 27th, 2009 at 9:44 am
Posted In: Debtwatch

If the economy does in fact recover from the Global Financial Crisis—without private debt levels once again rising relative to GDP—then my approach to economics will be proven wrong.

But this won’t prove conventional neoclassical economic theory right, because, for very different reasons to those that I put forward, modern neoclassical economics argues that the …

411 Comments
Sep26

Why I use Mathcad

by Cassander on September 26th, 2009 at 3:37 pm
Posted In: Debtwatch

A new blog member asked “Why do you use Mathcad?” in response to my most recent post about using some of the funds donated by visitors to the blog to help fund my research.
It’s a very good technical question, and one that deserves more than just a reply to the comment. So I’ll try …

32 Comments
Sep25

Thanks to donors

by Cassander on September 25th, 2009 at 3:40 pm
Posted In: Debtwatch

Thank you to the roughly 170 individuals who have made donations to date via the “Donate” widget on the right hand side of the blog.

Donations have totalled A$7,730, of which about $800 has been for Michael Hudson’s talk in Sydney (on Friday October 23rd at Customs House, Sydney at 6pm).

I have just made the …

16 Comments
Sep23

Dinner with Michael Hudson?

by Cassander on September 23rd, 2009 at 2:16 pm
Posted In: Debtwatch

There will be a dinner with Michael Hudson and his wife after the talk at Customs House on Friday October 23rd at a restaurant called Young Alfred, which is also in Customs House. The dinner will start at 8pm.

If you’d like to be part of the booking, please let me know via an email …

6 Comments
Sep19

It’s Hard Being a Bear (Part Five): Rescued?

by Cassander on September 19th, 2009 at 2:30 pm
Posted In: Debtwatch

I’m happy to admit that I underestimated how strongly governments would respond to this financial crisis. Dramatic reductions in interest rates, huge fiscal stimuli and—in the USA and UK—expansion of government-created money, have all had a positive impact on the economy and asset markets (both shares and houses).
In his recent essay, Australian Prime Minister …

466 Comments
Sep19

Good article by Ross Gittins on Economics and Equilibrium

by Cassander on September 19th, 2009 at 9:49 am
Posted In: Debtwatch

Ross Gittins has written a very good overview of the failings of neoclassical economics in today’s Sydney Morning Herald:

Self-righting markets and other shibboleths

The article mentions the Dahlem Report, but doesn’t provide a link to it. For those who would like to read it, here it is.

I also wrote a post on the Dahlem Report …

20 Comments
Sep15

It’s Hard Being a Bear (Part Four): Good Economic Theory

by Cassander on September 15th, 2009 at 7:55 am
Posted In: Debtwatch

I delayed publishing this on the blog because I thought it was worth submitting it to a newspaper for first publication on the anniversary of the Lehman Brothers collapse. That has occurred: a slightly edited version of this post (for reasons only of length, I hasten to add!) is in today’s Sydney Morning Herald …

216 Comments
Sep12

More on Michael Hudson’s visit

by Cassander on September 12th, 2009 at 10:51 am
Posted In: Debtwatch

Michael’s visit is being organised by Prosper Australia, and they have asked me to link to their page detailing the tour and his speaking engagements while in Australia. It’s quite a good page, with some well chosen links to some of Michael’s research:

Prosper Australia: Professor Michael Hudson Touring October

The fund-raising widget has so far …

70 Comments
Sep11

Michael Hudson Public Talk Sydney Friday October 23

by Cassander on September 11th, 2009 at 12:49 pm
Posted In: Debtwatch, Events

The renowned heterodox financial economist and economic historian Dr. Michael Hudson will be visiting Australia in October.

Michael is another of the handful of economists who predicted the Global Financial Crisis, and he has since worked intensively with the governments of Iceland and Latvia to attempt to pull them out of the economic quagmire. He shares …

39 Comments
Sep05

It’s Hard Being a Bear (Part Three): Good Economic History

by Cassander on September 5th, 2009 at 11:57 am
Posted In: Debtwatch

“Green shoots” are appearing everywhere—just read the newspapers, and you can be assured that we’ve turned the corner. Bar the latest rise in US unemployment—up 0.3% to 9.7%, after falling 0.1% the previous month—there’s nothing but good news as far as the eye can see.

Unless, that is, you take a look at a wider …

217 Comments