The renowned institutionalist Geoffrey Hodgson has claimed inter alia that heterodox economics has failed to define its nature and scope, does not take pluralism seriously, and lacks expertise concentration to ensure quality which means it has made limited progress and is held in variable...

The essential aim is to reconstruct the original Marx's original theory of money in order to assimilate more recent theories of endogenous money and credit-creation. It will be argued that Marx's original commodity theory of money is quite limited and historically specific to his own era....

As the environmental debate has intensified, post-Keynesians, Régulationists and Polanyians remain relatively silent. All treat time as historical, consider economic issues subordinate to politics and have plenty to say about growth, institutions, uncertainty and path-dependent events. These...

The Australian electricity sector has been radically restructured during the last decade. The drivers of this restructuring are sector-specific and public sector policies, and the broader macro policy approach of the Australian state. Using the analytical framework of French régulation theory,...

With the ascendancy of neoliberalism, the Australian state has not only remained strongly interventionist but expanded its sphere of influence and scope of activity which is contrary to claims of a reduced, withered or slimmed neoliberal state. The Australian state's interventions have become...

Twenty-first century access to energy sources depends on a complex system of global markets, vast cross-border infrastructure networks, a small group of primary energy suppliers, and interdependencies with financial markets and technology. This is the context in which energy security has risen...

Neoliberalism has transformed markets supplying public goods. Analysis of five real-world Australian markets reveals the eligibility rules for access and ongoing participation, interaction of participants, the role of intermediaries and government, the extent of competition, complex regulatory...

Markets for essential goods and services have been radically restructured by market-based public policies embedded with the lexicon of neoclassical economics and the virtues of neoliberalism. This article seeks to elucidate the necessary actions, induced by market rules, an individual must take...

Contemporary capitalism is marked by economic, energy, and environmental crises. This article explores the interrelationships between these crises using the example of Australia, one of the world's highest per-capita carbon gas emitters. In this paper, I consider key features, impacts, and the...

Régulation theory, although generally regarded as having a macroeconomic focus, offers a cogent analytical framework to explain the character of the contemporary environmental challenge, the responses of capitalism to environmental issues and the challenge to accumulation posed by sustainable...