The Trickle Up Economics of Privatized Land Rents

Assessing the impact of privatized land rent on economic growth

by Serban V.C. Enache

A new study from Prosper Australia Research Institute investigates the relationship of the land rent as share of GDP with the rate of economic growth. Since WW2, there has been a negative correlation between Australia‚Äôs total land price and the rate of economic growth. Continue reading “The Trickle Up Economics of Privatized Land Rents”

Does Stimulus Spending Work?

The Case against Ricardian Equivalence

by Joe Blackwell

Today the use of fiscal policy (expanding government spending or reducing taxes) to stimulate GDP growth in times of recession has become one of the most controversial policy areas of modern macroeconomics. For those who favour free market based solutions, commonly known as neoliberals, interventionist fiscal policy is inherently wasteful and distorts the processes of the market system. On the other side of the debate are the various groups of Keynesians who see fiscal policy as a crucial stabilisation tool to prevent the economy entering a deep and prolonged recession. Continue reading “Does Stimulus Spending Work?”