'Fragile Prosperity' presents a new perspective on the past five decades of economic policy in Australia. This book shows that in important respects the basic pillars of this policy are misconceived, resting on fundamental misunderstandings of money, taxation and fiscal accounting. Monetary and fiscal policies in Australia are reappraised, along with the nation's program of financial deregulation: a gigantic experiment in modern money. A new understanding is presented of the causes of inflation in Australia and the drivers of house price growth, along with associated impacts on wealth distribution and inequality. The implications are stark. While successive federal governments and Australia's central bank have given up the means to directly control the principal cause of inflation, the current method of inflation control operates like a dead hand on the non-bank economy. Australia now faces a terrible conundrum in public policy and macroeconomic management, one with urgent implications for countries with similar regulatory settings, such as Canada and New Zealand. Further afield, the story of Australia's experiment with modern money is a cautionary tale for all advanced economies.
"synopsis" may belong to another edition of this title.
Stuart Kells is Enterprise Fellow at the Melbourne Institute, University of Melbourne, and has written extensively on economics and finance. He was formerly a member of the Program in Monetary and Financial Economics at the University of Melbourne and advised the Australian Bankers Association during the Wallis Inquiry into the Australian financial system. He won the Desmond Cleary Prize in Financial Economics and the KPMG Prize in Taxation Law at the University of Melbourne. He received the Potter Warburg Scholarship in Economics and Finance and the National Australia Bank Scholarship in Economics. He has twice won the Ashurst Business Literature Prize.
"About this title" may belong to another edition of this title.
Seller: Grand Eagle Retail, Bensenville, IL, U.S.A.
Paperback. Condition: new. Paperback. Fragile Prosperity delivers an authoritative, historically informed critique of Australia's monetary policy, showing how flawed ideas on money, tax and inflation shaped today's economy. It reexamines deregulation, rising house prices and inequality, and reveals a system facing a stark policy dilemma with global relevance.The thrust of this excellent work is that the process and consequences of the generation of money have been widely misunderstood by regulatory and government bodies, leading Australia unwittingly clinging to a fragile prosperity. Kells sets about offering practical solutions. David Merrett Fragile Prosperity offers a fresh view of Australia's past 50 years of economic policy, arguing its core pillars are flawed and based on misunderstandings of money, taxation and fiscal accounting. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781760467425
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # L0-9781760467425
Seller: BargainBookStores, Grand Rapids, MI, U.S.A.
Paperback or Softback. Condition: New. Fragile Prosperity: Australia's gigantic monetary gamble. Book. Seller Inventory # BBS-9781760467425
Seller: Rarewaves USA, HEBRON, KY, U.S.A.
Paperback. Condition: New. Seller Inventory # LU-9781760467425
Seller: Rarewaves.com USA, London, LONDO, United Kingdom
Paperback. Condition: New. Seller Inventory # LU-9781760467425
Quantity: Over 20 available
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Delivered from our UK warehouse in 4 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # L0-9781760467425
Quantity: Over 20 available
Seller: California Books, Miami, FL, U.S.A.
Condition: New. Seller Inventory # I-9781760467425
Seller: Revaluation Books, Exeter, United Kingdom
Paperback. Condition: Brand New. 90 pages. 5.00x0.23x7.00 inches. In Stock. Seller Inventory # x-1760467421
Quantity: 2 available
Seller: THE SAINT BOOKSTORE, Southport, United Kingdom
Condition: New. This item is printed on demand. New copy - Usually dispatched within 5-9 working days. Seller Inventory # C9781760467425
Quantity: Over 20 available
Seller: AussieBookSeller, Truganina, VIC, Australia
Paperback. Condition: new. Paperback. Fragile Prosperity delivers an authoritative, historically informed critique of Australia's monetary policy, showing how flawed ideas on money, tax and inflation shaped today's economy. It reexamines deregulation, rising house prices and inequality, and reveals a system facing a stark policy dilemma with global relevance.The thrust of this excellent work is that the process and consequences of the generation of money have been widely misunderstood by regulatory and government bodies, leading Australia unwittingly clinging to a fragile prosperity. Kells sets about offering practical solutions. David Merrett Fragile Prosperity offers a fresh view of Australia's past 50 years of economic policy, arguing its core pillars are flawed and based on misunderstandings of money, taxation and fiscal accounting. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Seller Inventory # 9781760467425