Podcast appearances and mentions of John Quiggin

Give to help Chris make Truce Gerald Ford's administration was in trouble. The country was experiencing stagflation, where prices were going up but employment was going down. What could he do? He announced his desire to lower taxes. This proposal was met with opposition by... Ronald Reagan. Reagan was worried that these cuts would increase the national debt. Then, just a few years later, Reagan changed his mind. Two major things happened. One was the invention of supply-side economics (also called trickle-down economics) and the other was the tax revolt of the 1970s. Supply-side economics was invented by an economist named Arthur Laffer. His ideas were based on an old concept but with a new twist. Laffer and his friends published their ideas in The Wall Street Journal and shared them with people like Dick Cheney. Author and historian Rick Perlstein joins us for this episode. His books are The Invisible Bridge and Reaganland. Sources: The Invisible Bridge and Reaganland by Rick Perlstein NPR story about Laffer's napkin legend International Inequalities Institute study of supply-side economics Investopedia article comparing inflation rates Reagan's "Restore America" speech Ford Library's documents about Reagan's inaccuracies in his speech Federal Reserve article about inflation. Here's another History of COVID stimulus payments Investopedia article on Keynes Zombie Economics by John Quiggin Historical tax bracket rates Proposition 13 article Discussion Questions: What is supply-side economics? How does it compare to Keynes' ideas? Does the Bible specify a tax policy? Where did you first hear about trickle-down economics? Who benefits from it the most? Rick Perlstein, former President George HW Bush, John Quiggin, and many others say that supply-side economics is bogus. What do you think? Why might supply-side economics appeal to some evangelicals? To people of the 1970s? Learn more about your ad choices. Visit podcastchoices.com/adchoices

University of Queensland economist, Professor John Quiggin (pictured), concerns himself with many things, including his fitness by running half marathons and presently training for an Ironman event, but central to his thinking is the economy. Professor Quiggin has long contributed to the public conversation, regularly writing articles for The Conversation and The Guardian. His latest work, a compilation of a life of writing can be found in his latest book, "After Neoliberalism". Also, you can experience John's writing and ask him any question you like by visiting "John Quiggins Substack".

Professor at the UQ School of Economics, John Quiggin, joined Laurel, Gary and Mark to breakdown the 2024-25 Brisbane City Council Budget. See omnystudio.com/listener for privacy information.

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

John Quiggin is a widely-respected economist and professor at the University of Queensland. He's a former member of the Australian Government's Climate Change Authority, and he's written widely about the scourge of neoliberalism and privatisation. I wanted to get John on the show to discuss the essay written by Treasurer Jim Chalmers for The Monthly back in February, "Capitalism After The Crises", in which he laid out his vision for "values-based capitalism". In this conversation we discuss what the hell that actually means, whether or not it's a hollow idea, and just how much this Labor government is prepared to deliver anything like it.  Join the LIASYO Facebook group here please and thank you If you've got the means please support this show by becoming a Patron I'm currently touring my new stand up show IT IS I all over the country: MELBOURNE (now!) | SYDNEY | CAIRNS | TOOWOOMBA | BRISBANE To get discounted tickets to Adelaide, Melbourne & Sydney, use the promo code PODCAST For discounted tickets to my shows in Brisbane, click here I'm performing my comedy lecture YES/NO at the Melbourne Comedy Festival – BOOK HERE  Check out with my other podcast about the Greens and green politics with Emerald Moon, Serious Danger @JohnQuiggin johnquiggin.com Check out John's Substack John's response to Chalmer's essay in The Conversation Joseph Stiglitz's response  Steve Hamilton's response

Key Insights:* Information really wants to be free—if it is not free, if it is “charged for” by advertising, or otherwise, you will get into a world of hurt.* In the information age the capitalist mode of production has become a fetter on economic development and human flourishing: Friedrich Engels was right.* We need free public-funded Mastodon < servers for everyone.* No! We don't!* We need John back in the future, to talk about: (a) the euthanasia of the rentier, what is misnamed “secular stagnation” and the coming of a capital-slack economy.* BitCoin, meme stocks, and so forth are a reflection of this capital-slack economy.* We need John back in the future, to talk about how Elon Musk is a walking, talking, ranting, tweeting meme stock in human form.* We need multiple measures of economic activity: never draw strong conclusions from only one.* Xi Jinping's plan to shut down social media and have more people building semiconductors to put inside missiles and killer robots does not appear, so far, a great success.* The ratio of Google's user value to its real factor cost is on the order of 20-to-1.* Google's huge market power and profit rate powers the greatest AI-innovation engine in teh world today.* Hexapodia!References:* Ralph Bakshi: Wizards…* Sean Carroll & John Quiggin: Interest Rates and the Information Economy…* Friedrich Engels: Socialism: Utopian & Scientific…* Google: Sankey Diagram for Google…* John Quiggin: Capitalism without capital doesn't work: The future of the information (non) economy…* John Quiggin: The Not‐So‐Strange Death of Multifactor Productivity Growth…* Chad Syverson: Challenges to Mismeasurement Explanations for the US Productivity Slowdown…* Wall Street Journal: GOOG | Alphabet Inc. Financial Statements…* Wikipedia: Mastodon…* Wikipedia: Hermetic Order of the Golden Dawn…+, of course:* Vernor Vinge: A Fire Upon the Deep  Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

The idea of an “interest rate” might seem mundane and practical, in comparison to our usual topics around here, but there is a profound philosophical idea lurking in the background: if you lend me money now against the promise of me paying you back more in the future, I am relating the different values that a certain sum has to me at different moments in time. Traditionally, the interest rates set by the government have been a major tool for influencing the economy, but in recent decades they have increasingly fallen near zero. John Quiggin relates this change to the shift from manufacturing to an information economy, and we talk about what that means for the public interest in having information be reliable and widely available. And yes, there is a bit about crypto.Support Mindscape on Patreon.John Quiggin received his Ph.D. in economics from the University of New England. He is currently a VC Senior Fellow in Economics at the University of Queensland. He is a Fellow of the Econometric Society and the Academy of the Social Sciences in Australia. Among his books are Zombie Economics: How Dead Ideas Still Walk Among Us and Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly.Web siteUniversity of Queensland web pageGoogle Scholar publicationsAmazon author pageWikipediaTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Fiji has told the Shangri La conference that climate change worries it far more than military conflict in the region, read the story: "Climate change a bigger threat than war, Fiji tells security summit". The BBC has produced: "What is climate change? A really simple guide". On his blog Queensland's John Quiggin says: "If the opposition wants a mature discussion about nuclear energy, start with a carbon price". From The Guardian, we read: "Thirty years of climate summits: where have they got us?" PV Magazine tells us: "Butterflies, bees, sheep, and solar energy production can coexist". And from The New York Times: "The Extreme Heat Pummeling India and Pakistan Is About to Get Worse". The Conversations tells us: "Climate change is affecting crop yields and reducing global food supplies". And from EcoWatch it is: "Global Warning: Earth Has 50% Chance of Exceeding 1.5 Degrees Celsius in Next Five Years, Scientists Say". "How to stay cool in hot weather" from Yale Climate Connections. Enjoy "Music for a Warming World". Support the show: https://www.patreon.com/climateconversations --- Send in a voice message: https://anchor.fm/robert-mclean/message

In the barney of the week, Cameron gets  Twitter blocked by progressive economist John Quiggin over covid disagreements. Then the topic of the week is why waste - plastic bags or food - isn't such a bad thing. fresheconomicthinking.substack.com https://twitter.com/DrCameronMurray https://twitter.com/JonoLooseCannon Theme music: Happy Swing by Serge Quadrado Music under Creative Commons Licence CC BY-NC 4.0 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit fresheconomicthinking.substack.com

The cost of living is about to get harder if you're paying off a mortgage, with the Reserve Bank boosting the cash rate by half a percentage point. The government is promising cost of living relief in the October budget, while the opposition tries to pin some of the blame for rising prices on Labor.

Episode 181: This episode is from the archives. It was originally recorded on 4 Feb 2010 in Brisbane. At the time, I summarized it thus: "I spoke to John Quiggin of the University of Queensland about water issues in Australia and Queensland. I learned that California and Australia are similar in many ways (dams, salinity, politics, paper water rights, ag trading, desalination, etc.) I was quite surprised to hear that Brisbane's dramatic drop in per capita use (to 130 liters/capita/day) was accomplished with regulations more than prices. (BUT, they — the water managers — did pay a lot of attention to metered water volumes.) John blogs and tweets on on Aussie economics and politics at: https://johnquiggin.com https://twitter.com/JohnQuiggin

Change is constant in society, even if we can't see it. So how likely is it we can even begin to predict what the future might look like for productivity and innovation, and do we have the means to do so? 

Change is constant in society, even if we can't see it. So how likely is it we can even begin to predict what the future might look like for productivity and innovation, and do we have the means to do so? 

Neoliberalism is the path to prosperity for all, yes? Or maybe not. Few philosophies have had a more profound effect on our current world. Yet it is now crumbling, and what it morphs into remains to be seen. Professor John Quiggin is the author of a chapter on neoliberalism in this Springer book. His book Zombie Economics: How Dead Ideas Still Walk among Us sold over 20,000 copies and was translated into eight languages. His latest book is Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly. John Quiggin is UQ Laureate Fellow at the School of Economics, University of Queensland. Interview by Rod who is co-editor of the Springer book.

It's been 76 years since the bombing of Hiroshima, and for the three quarters of a century since nuclear stories remain front page news. James Carleton and the God Forbid panel examine the Cold War, nuclear medicine, nuclear meltdowns, nuclear science and technology and now the nuclear alternative energy source in the carbon constrained contemporary context.

After bungled opening and closing ceremonies in the 2018 Commonwealth Games, will Brisbane be ready for the 2032 Olympics? It's a big task for a small, little known city on the world stage. Additionally, what will it mean for our neighbour to the North? Panorama reporter Benjamin Lamb spoke to University of Queensland professor in economics Dr John Quiggin, Queensland Tourism Industry Council CEO Daniel Gschwind and Brisbane local Damian to find out more.       See omnystudio.com/listener for privacy information.

with Brooke Corte See omnystudio.com/listener for privacy information.

Key Insights:Josef Schumpeter’s “depressions are… forms of something which has to be done, namely, adjustment to previous economic change. Most of what would be effective in remedying a depression would be equally effective in preventing this adjustment…” is perhaps the most zombie of zombie economic ideas. Schumpeter’s zombie leads to episodes of dorkish zombie economic derp like John Cochrane’s claim in November 2008 that we needed a recession because we were then—in November 2008—building too many houses and employing too many people in construction: Another destructive zombie idea is the idea that the Phillips Curve and adaptive expectations guarantee that you only need to worry about inflation—the unemployment will take care of itself, and that if policy errs and pushes unemployment up too high above the natural this year, you will get it back because unemployment will then necessarily be an equal amount below the natural rate in some future year—as long as inflation is stabilized.The PCAE zombie leads to episodes like today, when a surprisingly large number of people who should know better are worrying not about unemployment but only about inflationTo mix metaphors, when we go hunting for zombie economic ideas, there are lots of fish in barrels for us to shoot. We do not have to try to shoot them all. Indeed, we should not.We should, instead, listen to Markus Brunnermeier at 12:30/09:30 EDT/PDT every Thursday at Hexapodia!!References:Markus Brunnermeier & Friends: Markus’ Academy Paul Krugman (2020): Arguing with Zombies: Economics, Politics, & the Fight for a Better Future John Stuart Mill (1844): Review of Thomas Tooke, “An Inquiry into the Currency Principle” & Robert Torrens, “An Inquiry into the Practical Working of the Proposed Arrangements for the Renewal of the Charter of the Bank of England, and the Regulation of the Currency” John Quiggin (2012): Zombie Economics: How Dead Ideas Still Walk Among Us &, of course:Vernor Vinge: A Fire Upon the Deep (Remember: You can subscribe to this… weblog-like newsletter… here: There’s a free email list. There’s a paid-subscription list with (at the moment, only a few) extras too.) Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

Greater Brisbane has been sent into a snap three-day lockdown. Is it possible to quantify the impact of a short lockdown on a major city's economy?

In a recent article in The Conversation, Professor John Quiggin of the University of Queensland asserted that the Covid-19 pandemic might just have helped us to stumble on the biggest productivity increase of the century. But is this really the case? And if so, what are the longer term implications for societies, most particularly when the threat of the pandemic recedes? John Quiggin is an Australian economist, a Professor and an Australian Research Council Federation Fellow and a Laureate Fellow at the University of Queensland, and a member of the Board of the Climate Change Authority of the Australian Government. His work has been acknowledged globally, and in October 2020 Professor Quiggin was named the 20th most influential economist in the world. A prolific author and blogger, Professor Quiggin's most recent book, Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly, was published by Princeton University Press in April 2019. The original article in The Conversation is available here: https://theconversation.com/have-we-just-stumbled-on-the-biggest-productivity-increase-of-the-century-145104 Professor Quiggin blogs regularly at https://johnquiggin.com/

On this Policy Forum Pod, Sharon Bessell and Arnagretta Hunter kick off our mini-series on the wellbeing economy by getting back to first principles with economist John Quiggin.The concept of a ‘wellbeing economy’ has gained momentum in recent years, but how might this work in practice? In the first episode in our mini-series on the wellbeing economy, Professor Sharon Bessell and Dr Arnagretta Hunter speak to leading Australian economist, Professor John Quiggin. They discuss whether the neoliberal paradigm is still the dominant force, the feasibility of a Universal Basic Income, and the economics of health and wellbeing. We also pay tribute to Mark Zanker, long-time listener to the podcast and active member of our Policy Forum community, who sadly passed away over the weekend. John Quiggin is a Professor in Economics at The University of Queensland and is prominent both as a research economist and as a commentator on Australian economic policy.Sharon Bessell is Professor of Public Policy and Director of Gender Equity and Diversity at Crawford School of Public Policy at The Australian National University (ANU).Arnagretta Hunter is a cardiologist, physician, and a Senior Clinical Lecturer for The Australian National University Medical School.Policy Forum Pod is available on Acast, Apple Podcasts, Spotify, Stitcher, Subscribe on Android or wherever you get your podcasts. We’d love to hear your feedback for this podcast series! Send in your questions, comments, or suggestions for future episodes to podcast@policyforum.net. You can also Tweet us @APPSPolicyForum or join us on the Facebook group. See acast.com/privacy for privacy and opt-out information.

John Quiggin, Professor in Economics at The University of Queensland & author, joines Michael to discuss whether working from home during COVID has given us the biggest productivity increase of the century. Professor Quiggin writes, ‘one of the most striking responses to the COVID-19 pandemic has been the sudden shift of around half the workforce to working at home.’ ‘In many cases, this was combined with an equally sudden shift to home schooling.’ ‘Contrary to what might have been expected, working from home was one part of the pandemic response that went remarkably smoothly. Most kinds of office work continued almost as if nothing had changed.’ Read Professor Quiggin’s full article here. See omnystudio.com/policies/listener for privacy information.

Professor John Quiggin (pictured) is a professional economist, a self-declared socialist and a fellow who recognises the reality that most of us will never have a huge individual impact on national affairs but urges us to all do what we can to shape the national conversation.The professor, from the University of Queensland, advocates for a Liveable Income Guarantee, a similar but different version of the Universal Basic Income, both things I am eager to hear about and so if you have a view, please send me an email at r.mclean7@icloud.com and if I receive sufficient replies, I'll create a new episode as I feel the social justice implicit in these schemes will impact on the climate crisis.Although uncomfortable with the present economic system, Professor Quiggin says we must work with it as the impacts of the climate crisis will be upon us before we can change the system - yes, we don't have time.

In 1930 economist John Maynard Keynes writes Economic Possibilities for our Grandchildren, offering his insights on what the world might be like in 2030. Among them a rise in living standards, a reduction in hours worked and the end of scarcity. 90 years later John Quiggin revisits and evaluates the renown economist’s predictions.

Stephen Kirchner is a program director for trade and investment at the United States Center at the University of Sydney, and he was written widely on financial markets and economy policy in Australia. Stephen joins Macro Musings to talk about the journey of monetary policy in Australia that has transpired throughout the last few decades. Specifically, David and Stephen discuss the structure of the Reserve Bank of the Australia, the history of its inflation target, how Australia was able to avoid the worst of the Great Recession, and the actions they have taken to in response to the COVID crisis.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Stephen’s Twitter: @insteconomics Stephen’s US Studies Center profile: https://www.ussc.edu.au/people/stephen-kirchner Stephen’s Substack page: https://stephenkirchner.substack.com/   Related Links:   *Money Too Tight to Mention: The Reserve Bank of Australia’s Financial Stability Mandate and Low Inflation* by Stephen Kirchner http://www.institutional-economics.com/images/uploads/EAP.pdf   *Cost-Benefit Analysis of Leaning against the Wind* by Trent Saunders and Peter Tulip https://rba.gov.au/publications/rdp/2019/2019-05.html   *Twenty-five Years of Inflation Targeting in Australia: Are There Better Alternatives for the Next 25 Years?* by Warwick McKibbin and Augustus Panton https://www.brookings.edu/research/twenty-five-years-of-inflation-targeting-in-australia-are-there-better-alternatives-for-the-next-25-years/   *The RBA Needs a New Post-virus Monetary Policy Game* by Richard Holden, Warwick McKibbin, and John Quiggin https://www.afr.com/policy/economy/the-rba-needs-a-new-post-virus-monetary-policy-game-20200505-p54ptw   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

The latest edition of thinkspot Presents brings us to Brisbane, Australia, where professors Stephen Hicks and John Quiggin engage in debate on the subject of postmodernism. Dr. Quiggin, an economist and democratic socialist, suggests postmodernism is a contemporary right wing phenomenon, while Dr. Hicks, a free market libertarian, challenges that claim.

Would strong early action on coronavirus have been better, from both public health and economic perspectives, than the incremental policy responses we have seen in countries such as Australia and the US? In this episode, Economics Explained host Gene Tunny discusses policy responses to coronavirus with Dr Nicholas Gruen, CEO of Lateral Economics. Nicholas is a Visiting Professor at King’s College, London, and former Chair of several government, non-profit, and private sector organisations, including Innovation Australia and Kaggle.TimestampsUse these (approximate) timestamps to jump right to the highlights:4:00 – Nicholas discusses his recent article on coronavirus policy PANIC IS OUR FRIEND! which argues in favour of strong, early action on coronavirus, rather than the incremental ramping up of restrictions we have seen7:50 – Nicholas notes these decisions are challenging because panic itself has costs, as argued by Paul Frijters in his article The Corona Dilemma12:30 – discussion of John Quiggin’s Option value post on the benefits of early action 14:05 – Nicholas suggests policy makers should follow Google’s example and experiment and AB test policy responses, generating feedback to improve policies 15:05 – discussion of what Ben Shapiro calls The Un-askable Question26:35 – Nicholas observes “when things change they become highly unpredictable” in our discussion of what coronavirus could mean for our future economic system36:00 – conclusion of discussion with a quote from Nicholas’s article: “Right now, panic is the friend of anyone who doesn’t want to get this disease, which continues to surprise on the downside (i.e. the bad side).”

It's not easy to estimate the total economic cost of Australia's bushfires that have burnt through vast areas of the country, especially as the fire season may continue as late as March. The total impact on human lives, the economy and environment is complicated and some costs may continue to grow for years to come. Guests: Amanda Findley, Mayor of Shoalhaven Shire, John Quiggin, Australian Laureate Fellow in Economics, University of QueenslandMehmet Ulubasoglu, Professor of Economics, Deakin Business School, Researcher, Bushfire and Natural Hazards CRCRichard Denniss, Chief Economist, The Australia Institute

Is there such a thing as a free lunch?  Can all economic problems be solved by government? Do market prices reflect the full cost of our choices? Economics professor, John Quiggin, addresses these, and many other, fundamental economic questions.

This episode features Professor John Quiggin, author of Economics in Two Lessons: Why Markets Work so Well, and Why they Can Fail So Badly. The book was published earlier this year by Princeton University Press. Economics Explained host Gene Tunny has reviewed the book on his blog (see Quiggin's Economics in Two Lessons should be on ECON101 reading lists for decades to come) and he was very happy to speak with Professor Quiggin about his book on the podcast. In addition to his own review, Gene recommends listeners check out Nicholas Gruen's remarks at the Melbourne book launch of Quiggin's book:There's no such thing as a free launch: Launching John Quiggin's Economics in Two LessonsProfessor Quiggin is the Vice-Chancellor’s Senior Fellow in Economics at the University of Queensland and is the author of, among other books, Zombie Economics: How Dead Ideas Still Walk Among Us. 

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don’t want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So...

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Lacy Hunt, chief economist at Hoisington Investment Management, said that both the domestic and global economies are becoming increasingly frail, raising the risk of recession occurring sooner rather than later. He fears that slower growth will not be able to sustain positive momentum, noting that too many key economic indicators are showing danger signs. Also on the show, Greg McBride of Bankrate.com discusses Americans' greatest financial regret, author John Quiggin discusses his book 'Economics in Two Lessons,' and Kyle Guske of New Constructs puts a small-cap mutual fund in the Danger Zone.

And we're back! Welcome to Season 2 of Connected & Disaffected. After a couple of weeks for scheming and plotting, we're coming back with a bunch of changes. New segments, interviews, deep dives and a lot more. Season 2 kicks off with two new segments. Both try to add context and perspective on horse-race political coverage, which is oddly relaxing. We also have the first installment of an ongoing series on Neoliberalism - a phenomenon that has defined politics for decades which maybe, just maybe is on the way out. We wanted to examine it. Where did it come from? What has it meant for the world? What might come after? To get started on this massive topic, Warren spoke to John Quiggin, a post-Keynesian economist at the University of Queensland. You can find his work all over the place: - He's on Twitter https://twitter.com/JohnQuiggin - He has a blog http://johnquiggin.com/ - He has a book https://www.goodreads.com/book/show/8651441-zombie-economics - He publishes interesting articles in The Guardian... (https://www.theguardian.com/business/2017/oct/09/socialism-with-a-spine-the-only-21st-century-alternative) - ...and Aeon (https://aeon.co/essays/the-time-is-right-to-reclaim-the-utopian-ideas-of-keynes) Check him out! As ever, please share/like/follow/review us: FB: https://www.facebook.com/ Twitter: https://twitter.com/canddpodcast ITunesL https://itunes.apple.com/gb/podcast/connected-disaffected/id1244893114 If you're interested in the future of politics, you're going to like our podcast.

What can unions do to transform themselves to meet the new realities of the 21st century?

Australia is now one of the least unionised countries in the OECD. What's behind the union movement's decline and what factors impede its future?

In our last podcast of the year we hear from the author of Zombie Economics, John Quiggin. Plus the best of the rest of this year's interviews

John Quiggin of Crooked Timber and the author of Zombie Economics talks with EconTalk host Russ Roberts about ideas in economics that should stay dead and buried. Quiggin argues that many economic theories such as the Great Moderation, the efficient markets hypothesis and others have been discredited by recent events and should be relegated to the graveyard. Roberts challenges some of Quiggin's claims and wonders whether proposed alternatives might do even worse than the policies Quiggin is criticizing. Much of the conversation focuses on the role of government in the financial sector and how that might be improved going forward.

John Quiggin of Crooked Timber and the author of Zombie Economics talks with EconTalk host Russ Roberts about ideas in economics that should stay dead and buried. Quiggin argues that many economic theories such as the Great Moderation, the efficient markets hypothesis and others have been discredited by recent events and should be relegated to the graveyard. Roberts challenges some of Quiggin's claims and wonders whether proposed alternatives might do even worse than the policies Quiggin is criticizing. Much of the conversation focuses on the role of government in the financial sector and how that might be improved going forward.

John Quiggin of Crooked Timber and the author of Zombie Economics talks with EconTalk host Russ Roberts about ideas in economics that should stay dead and buried. Quiggin argues that many economic theories such as the Great Moderation, the efficient markets hypothesis and others have been discredited by recent events and should be relegated to the graveyard. Roberts challenges some of Quiggin's claims and wonders whether proposed alternatives might do even worse than the policies Quiggin is criticizing. Much of the conversation focuses on the role of government in the financial sector and how that might be improved going forward.