Issues in economics
This page provides links to a number of
short papers and letters dealing with issues in economics.
for the current account balance explains mathematically and
diagrammatically how to the current account balance is determined.
anatomy of the economy uses the computer as an analogy for the
structure of economies.
exchange rate system's impact on debt in an economy provides and
overview of how the floating exchange rate system was introduced
and its effect on foreign debt in an economy.
floating exchange rate system's impact on employment and growth
provides an explanation of how the floating exchange rate system has
affected wages, employment, economic growth and international trade.
The guided exchange rate
system provides an outline of a variable exchange rate system
that ensures balance of payments stability and allows the central
bank to influence the exchange rate to provide exchange rate
stability and economic growth.
The quality of money defines
different types of money.
"Safe mode" for the
economy proposes a series of steps that can be taken during a
monetary crisis to put an economy onto a stable and sustainable
Globalization of Trade uses an analogy to explain the effects of
globalization on industries supplying the domestic economy.
causes of the 2008 credit crisis considers the economic history
that led to that financial and economic disaster.
Can there be free trade while there is monetary protectionism?
On the psychology of economic incompetence
considers the difficulty that people have in dealing with new
Economic power and military power considers the use of economic
policies as a military
Letters to the editor
of the Australian Financial Review and to Ian
McNamara on Australia All Over.
Options for a
Last updated: 4 March 2010