Learn about homo economicus, its origins, significance in economics, and the challenges to its rational decision-making model ...

A monetary sovereign government such as Australia’s does not need to balance its budget or borrow the currency it creates, ...

Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying ...

A 4 November 2025 Project Syndicate (PS) article ‘Adam Smith and the moral economy we have lost’ pointed out the strong moral linkage of Adam Smith’s earlier book The Theory of Moral Sentiments, with ...

With its fixation on equilibrium thinking and an exclusive focus on market factors that can be precisely measured, the neoclassical orthodoxy in economics is fundamentally unequipped to deal with ...