Sustaining What?

Karl FitzgeraldCommentary, Progress Magazine, True Cost Economics2 Comments

photo credit: Torley Selling the environment in order to save it? Frank Stilwell Professor of Political Economy University of Sydney As published in our Progress Magazine The Rudd government’s review of climate change policies, chaired by Professor Ross Garnaut, has issued its interim report and will present its final report later this year. Many environmentalists welcomed the interim report because … Read More

Rudd’s Carbon Cop Out

Karl FitzgeraldCommentary, True Cost Economics2 Comments

Still in shock at the ALP’s audacious handout to the nation’s biggest polluters, we thought it time to broach a few of the details hidden within the 824 page Carbon Pollution Reduction Scheme (CPRS) White Paper. Billions of dollars of the commons is proposed to be given away by the climate scheme. Permanent and inalienable carbon permits will be handed … Read More

Economic Rehab – Lesson 2: Efficiency

Karl FitzgeraldCommentary, True Cost EconomicsLeave a Comment

Tohm Curtis continues his slightly sarcastic journey into the underpinnings of economics Okay in Lesson 1, I concluded with the not so startling revelation that the economy was ultimately limited by the external environment or reality. Economics is a science because it’s constrained by reality, and hence people use observations to make predictions on how the natural environment will behave. … Read More

Economic Rehab :Lesson 1 – Economics

Karl FitzgeraldCommentary, True Cost Economics1 Comment

photo credit: mhalon as according to Tohm Curtis a new series outlining why Economic Rehab is crucial What does ‘Economics’ mean…there’s some confusion as to whether it is a science or a philosophy? Wikipedia can provide some insight into the history of economics. I think though that maybe the simple starting point is: Economics is the study of reality. Okay … Read More

Garnaut’s Limitations

Karl FitzgeraldCommentary, True Cost Economics3 Comments

Following the release of this week’s Garnaut report on climate change, much has been made of the exemptions smokestack industries are lining up for. Another handy diversion is the debate over whether India and China wll be involved in any emissions trading system (ETS). Who put the carbon into the atmosphere in the first place? Both are wedge issues that … Read More