![keynes cubist](https://quadrant.org.au/wp-content/uploads/2015/07/keynes-cubist-1.jpg)
Shadow Boxing with Keynesianism
… that there may be a supply of commodities in the aggregate surpassing demand … appears to me to involve so much inconsistency in its very conception, that I feel considerable difficulty in giving any statement of it which shall be at once clear, and satisfactory to its supporters.
— John Stuart Mill, Principles of Political Economy
If numbers of patients were to sicken progressively and dreadfully after prolonged medical treatment we might ask whether the treatment was any good. We might even ask whether the treatment was doing more harm than good. That’s medicine. Apparently, the same scrutiny is not applied to the practice of economics. If it were, we might ask how it was possible that many developed economies are suffering from high levels of unemployment; measured, for example, at over 11 per cent across the eighteen-country Eurozone (Lithuania has recently become the nineteenth). And this, so long after the cure for unemployment—injections of government stimulus…
Madam: Archbishop Fisher (July-August 2024) does not resist the attacks on his church by the political, social or scientific atheists and those who insist on not being told what to do.
Aug 29 2024
6 mins
To claim Aborigines have the world's oldest continuous culture is to misunderstand the meaning of culture, which continuously changes over time and location. For a culture not to change over time would be a reproach and certainly not a cause for celebration, for it would indicate that there had been no capacity to adapt. Clearly this has not been the case
Aug 20 2024
23 mins
A friend and longtime supporter of Quadrant, Clive James sent us a poem in 2010, which we published in our December issue. Like the Taronga Park Aquarium he recalls in its 'mocked-up sandstone cave' it's not to be forgotten
Aug 16 2024
2 mins