Tohm Curtis As per week #1, the assumptions are what make Economics the ‘School of Thumbs’. This week though in a Finance subject we looked at the ‘supply and demand’ model of interest rates. It was a curious exercise in skepticism vs. standardisation. Basically it said, that Money Supply and Money Demand are inversely related to interest rates. The higher … Read More
News Flash! Today Tonight report the obvious!
photo credit: Patrick Hoesly I know! Shocking isn’t it? This evening, according to advertisements, they’ll be reporting on a matter almost as ground breaking as those stories we know and love along the lines of ‘Junk Food! It makes you fat!’, ‘Credit cards – they could put you in debt ‘ or any number of scintillating exposés on dodgy builders … Read More
Week #2: Can I have some Context?
It’s week 2 and already I know I like my Finance subjects better than my Economics subjects. The key difference is: Context. I have a sneaking suspicion that Economists have made Economics far harder to teach (and understand) than it needs to be. For example ‘Marginal Propensity to x’ where ‘x’ can be ‘consume’ ‘save’ ‘tax’ etc. Surely there is … Read More
Warning: Not For The Faint-Hearted!
I have a most awesome idea for a horror flick. It’s a sure-fire winner. I’m gonna make a bloody fortune.
Melanesian Land Issues interview
photo credit: M0les Renegade Economists podcast Joel Simo from the Melanesian Land Defence Group visited Australia recently via an Aid Watch. Listen to his interview on the Renegades here… In discussion with Green Left Weekly Joel says: Customary land title represents the majority of land tenure in Fiji and Vanuatu and provides locals with food security. This security provides certainty … Read More