Center for Market Education

17/08/2026

Center for Market Education: Malaysia’s Money Supply Growth Returns to Covid-Era Pace as Inflation Risks Re-Emerge

MONDAY 17 AUGUST 2026 – The Center for Market Education (CME) warns that Malaysia’s latest monetary and price data are beginning to show a combination that warrants close attention: money supply growth is accelerating back toward rates last seen during the Covid period, while producer prices are rising rapidly and consumer-price inflation, although still comparatively moderate, may be starting to reflect those pressures only gradually.

Full media statement: https://marketedu.me/cme-malaysias-money-supply-growth-returns-to-covid-era-pace-as-inflation-risks-re-emerge/

16/08/2026

Malaysia has nearly 33,000 completed homes sitting unsold — and still, ordinary households say they can't afford a place of their own. The new National Housing Policy 2026-2035 promises one million affordable homes by 2035, scrapping the flat RM300,000 affordability ceiling for region-based pricing, using big data and AI to match supply with real demand, and pushing developers from Sell-Then-Build to Build-Then-Sell. The question is whether that fixes the root cause, or just redraws the lines around an old problem.

Tan Consilz, Research Fellow at the Center for Market Education, discussed the matter on BFM Radio - The Business Station.

Malaysia has nearly 33,000 completed homes sitting unsold — and still, ordinary households say they can't afford a place of their own. The new National Housing Policy 2026-2035 promises one million affordable homes by 2035, scrapping the flat RM300,000 affordability ceiling for region-based pricin...

02/08/2026

We are pleased to announce the publication of a new paper authored by Center for Market Education CEO, Dr Carmelo Ferlito: "Joseph A. Schumpeter – Life and Works".

Published as No. 3 in the CME’s History of Economics and Methodology Series, the paper offers an accessible introduction to Schumpeter’s life, intellectual development and principal works.

It explores the evolution of his thought—from his early engagement with the Austrian School and Walrasian economics to his mature analysis of entrepreneurship, innovation, credit, business cycles, creative destruction and the historical transformation of capitalism.

Particular attention is given to Schumpeter’s entrepreneur: not simply a business owner or manager, but the economic actor who introduces new combinations, breaks established routines and transforms imagined possibilities into new economic realities.

We hope the paper will be useful to students, teachers and readers interested in the history of economic thought, entrepreneurship and the dynamic nature of capitalist development.

Download the full paper here:https://marketedu.me/wp-content/uploads/2026/07/202607-HET-3-Joseph-A-Schumpeter.-Life-and-Works.pdf

31/07/2026

Indonesia’s central-bank transition has raised concerns about uncertainty, credibility and institutional independence. But could this disruption also become an opportunity? Our new article argues that Indonesia should think beyond the conventional debate over who sets interest rates—and ask whether such a crucial price should be administratively determined at all. As Indonesia develops a more independent and multipolar foreign policy, it may also be time for greater economic and monetary pluralism. We propose a gradual, transparent experiment toward stronger market-based interest-rate formation, predictable rules and a redefined role for Bank Indonesia.

Read the full article here: https://marketedu.me/indonesias-central-bank-shock-could-become-an-opportunity-for-monetary-innovation/

By Carmelo Ferlito, Alvin Desfiandi and Alfian Banjaransari.

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Transisi kepemimpinan di bank sentral Indonesia telah menimbulkan kekhawatiran mengenai ketidakpastian, kredibilitas, dan independensi institusional. Namun, mungkinkah gangguan ini juga menjadi sebuah peluang? Artikel terbaru kami berpendapat bahwa Indonesia perlu melampaui perdebatan konvensional mengenai siapa yang menetapkan suku bunga—dan mempertanyakan apakah harga yang begitu penting ini memang seharusnya ditentukan secara administratif. Ketika Indonesia mengembangkan kebijakan luar negeri yang semakin independen dan berorientasi multipolar, mungkin sudah saatnya p**a mendorong pluralisme ekonomi dan moneter yang lebih besar. Kami mengusulkan sebuah eksperimen yang bertahap dan transparan menuju pembentukan suku bunga yang lebih berbasis pasar, aturan yang dapat diprediksi, serta perumusan ulang peran Bank Indonesia.

Baca artikel lengkapnya di sini: https://marketedu.me/guncangan-di-bank-sentral-indonesia-dapat-menjadi-peluang-bagi-inovasi-moneter/

Oleh Carmelo Ferlito, Alvin Desfiandi, dan Alfian Banjaransari

31/07/2026

30/07/2026

We are pleased to introduce *The Making of Economic Thought: Thinkers, Traditions, and Debates* (FREE download here:https://marketedu.me/wp-content/uploads/2026/07/202607-HET-Special-The-Making-of-Economic-Thought.-Thinkers-Traditions-and-Debates.pdf ).

Designed for teachers, students, and readers interested in the History of Economic Thought, the volume traces the evolution and conflict of economic ideas across the millennia—from ancient and classical traditions to contemporary debates.

It does not seek to compete with milestone works by scholars such as Mark Blaug, Heinz Kurz, or Alessandro Roncaglia. Rather, it offers a comprehensive and accessible teaching tool, enriched by attention to more recent and less familiar approaches, including **Humanomics** and the **hermeneutical turn in economics**.

Economics is not only a collection of theories. It is a continuing conversation about human action, institutions, markets, knowledge, freedom, and human flourishing.

29/07/2026

If you are in and you are interested in buying Dr Carmelo Ferlito's latest books ("Hermeneutical Political Economy" and "Economics: An Interpretative Science of Human Flourishing), they are now available at Tintabudi in (Kuala Lumpur).

The books remain also available on Amazon.

Special thanks to Razim Ismail for facilitating this.

28/07/2026

Political ignorance appears to know no limits—and, unfortunately, neither does the ignorance of some economic advisers.

This decision makes it painfully clear that and his team ignore , one of the foundations of economics and, consequently, of sound .

It is no coincidence that the great Deirdre McCloskey filled her recommended economics reading list with books on price theory. Perhaps it is time for politicians—and their advisers—to start reading them: https://mccloskey.substack.com/p/a-reading-list-of-real-economics

24/07/2026

Can economics be learned while having a little fun?

Listen to the song we created to explore the life and work of the great Joseph A. Schumpeter—the visionary thinker behind innovation, entrepreneurship, and creative destruction.

https://www.youtube.com/watch?v=pd6MIBE-3gI

# **Break the Circular Flow****Verse 1**Born where an old empire...

22/07/2026

Dr Carmelo Ferlito, CEO of the Center for Market Education, discussed with Berita RTM subsidy policies in the corporate sector, focusing on the importance of establishing priorities for vehicle-related support and ensuring the rational management of fuel in sectors that are vital to the country’s economic activity.

He explained that the subsidy system must be reconciled with the market price, which is determined by the forces of supply and demand, and that the rationalisation policy should ultimately lead to the complete abolition of subsidies.

Carmelo emphasised that fuel prices should be determined by market forces and that the current subsidy system should be regarded as temporary until a market-based system supported by targeted vouchers is implemented to avoid price distortions.

Dr Carmelo Ferlito, CEO of the Center for Market Education, discuss...