About Institutional Economics

Institutional Economics is the home page of Dr Stephen Kirchner, an independent financial market economist based in Sydney, Australia.  My approach to economics draws on the classical liberal tradition and is ‘institutional’ in the sense that it recognises the importance of institutions, incomplete markets and bounded rationality to economic outcomes.  My approach to macroeconomics draws on the monetarist tradition of Leland Yeager, Karl Brunner, Allan Meltzer and Milton Friedman. 

I provide analysis of the Australian, New Zealand and Japanese economies, capital markets and monetary policy for Action Economics, LLC.  Previously, I worked as Director of Economic Research with Standard & Poor’s Institutional Market Services in Sydney and Singapore.  I have also worked as a lecturer in economics in the School of Economics at the University of New South Wales and as an adviser to members of the Australian House of Representatives and Senate.

My undergraduate degree was in political science, for which the Australian National University awarded me the L F Crisp Prize. However, I also completed an undergraduate major in economics. This set the stage for postgraduate study in economics, including a Master of Economics (Honours) from Macquarie University and a PhD in monetary economics from the University of New South Wales.  My postgraduate studies included participation in programs run by the Institute for Humane Studies and the Centre for Study of Public Choice, both at George Mason University.

Weekly Newsletter

I produce a free weekly newsletter covering developments in the Australian & New Zealand economies and financial markets.  Email info at institutional-economics dot com if you would like to subscribe.

Blog and Comments

The default page of this web site is a blog devoted to economics and financial markets from a classical liberal perspective (click on the Institutional Economics logo in the top left corner to return to the default page at any time). Access to comments requires completion of a one-time registration and log-in process (click here to register).  You must use a valid email address to register, but this need not be displayed in comments.  The address is checked against known spam databases before being manually approved.  Please wait for the registration confirmation email before attempting to comment.  Once you have registered, click ‘login’ in the black bar at the top right and enter your username and password to start commenting.

Aggregation

Institutional Economics is available via Newstex.

Advertising

You can have an ad up and running on Institutional Economics in just a few minutes by clicking here.  Advertise across the entire BlogAds network of 12 economics blogs, including this one, with over 150,000 pageviews per week.  Institutional Economics is also a member of the Libertarian Blog Ads Network.  Institutional Economics has featured in Forbes’ Best of the Web, Condé Nast’s Portfolio and is widely read in financial markets, academia, media and government.

What They Are Saying About Institutional Economics

The depth of Kirchner’s discussions...isn’t matched in many other economic blogs.  Forbes.

Australia’s Austrian School economist.  National Business Review

...a stream of excellent analysis... Trevor Cook

Kirchner’s insights have earned him a well deserved reputation. The Reader

I’d say he’s got Krugman Truth Squad Rookie of the Year pretty much locked up. Don Luskin

Light reading it’s not. Forbes.com

A bit annoying.  John Quiggin, social democrat

Disclosure: Institutional Economics may derive revenue or other benefits from affiliate and other commerical relationships with third party web sites, including, but not limited to, the following: Amazon, Google, Paypal, Pressflex/Blog Ads, Newstex, Action Economics, Intrade, Easy Forex, Elliott Wave International and Your Mortgage Place.com.

Disclaimer: The contents of this site are provided for information purposes only.  While the information is compiled from sources believed to be reliable, Institutional Economics makes no warranty or representation, express or implied, as to its accuracy or completeness.  The information may contain material from third parties.  Institutional Economics accepts no responsibility for the accuracy or completeness of such third party material.  The information contained in this site: does not constitute, and should not be construed as, an offer, or a solicitation of an offer, to subscribe to, or purchase, any securities or other financial instrument or investment; does not constitute an offer, inducement or solicitation to enter into a legally binding contract; and is not to be construed as an indication or prediction of future results.  Except where contrary to law, Institutional Economics intends by this notice to exclude all liability for the information and any loss or consequential damages.

Copyright © 2003-2008. All rights reserved.