In June 1962, John Hicks devoted his Royal Economic Society Presidential Address to the concept of ‘liquidity’. Whereas many terms of economics were drawn from practical commercial life, he believed ‘liquidity’ was a rare example of traffic in the other direction. A piece of theoretical [...]
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liquidity, n.: Econ. The interchangeability of assets and money.
Oxford English Dictionary, 2 ed. (1989).You don’t anywhere come right out in the open and say what liquidity is.
Joan Robinson (1935) Letter to John Maynard Keynes.a highly complex phenomenon. Its [...]
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In 2006, Tony Lawson proposed a conception of the nature of heterodox economics. He argued that what unites the otherwise ostensibly disparate collection of schools of thought that come under the banner of heterodoxy is a desire to study economic phenomena in accordance with our best [...]
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I wrote Morality and Power: On Ethics, Economics and Public Policy out of a growing frustration caused by the constricted universe of discourse around what passed for public policy debate in countries described as pursuing a neoliberal path. A particular passage in a 2009 book by James [...]
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I have argued many times over the years that mainstream economists, especially mainstream macroeconomists, largely ignore the issue of inequality. And when they do see it, they tend to misunderstand both its causes (often attributing it to exogenous events, such as globalization and [...]
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I am thrilled to accept the University of Sydney’s recent invitation to serve as an Honorary Professor in the Department of Political Economy. I have a long and collegial association with the Department – including delivering the second Ted Wheelwright lecture in 2009 (on the Global [...]
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For those that missed it or could not attend, here is the recording of Dr Mike Beggs’ presentation on ‘Inflation and the Making of Macroeconomic Policy in Australia’ (8 October 2015).
To another packed audience in the Department of Political Economy Research Seminar [...]
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On September 19, 2015, Fairfax Media Limited and, specifically, the Sydney Morning Herald led with a feature on and tribute to the career of Joseph Halevi, a member of the Department of Political Economy at the University of Sydney who recently retired. The feature, written by Gareth [...]
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