This page provides links to a number of short papers and letters dealing with issues in economics.

• The formula for the current account balance explains mathematically and diagrammatically how to the current account balance is determined.

• An anatomy of the economy uses the computer as an analogy for the structure of  economies.

• The floating 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.

• The 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 footing.

• Globalization of Trade uses an analogy to explain the effects of globalization on industries supplying the domestic economy.

• The 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 information.

• Economic power and military power considers the use of economic policies as a military weapon.

  

• Letters to the editor of the Australian Financial Review and to Ian McNamara on Australia All Over.

• Options for a community currency.

Last updated: 4 March 2010