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Economics may be useless for forecasting, and its assertions can be overly simplistic. But it is a language that should be understood, and here is a good place to start. In simple and clear prose, Leigh spans the history of human economic activity, beginning in prehistoric times and ending with the modern day.
What does it mean when ideas of scarcity – supposedly the driving principle in understanding supply and demand – are no longer the only or best way to think about economic activity? What is needed to understand the post-industrial environment is a new way of thinking about economics and finance.
Prime Minister Xanana Gusmao's meeting with China's President Xi Jinping signals deeper cooperation between Timor-Leste and China. This evolving alliance, closely watched by Australia, raises questions about Beijing's motives and Timor-Leste's historical indebtedness. As China expands its influence in the Indo-Pacific, Timor-Leste's diplomatic balancing act comes under scrutiny.
A Global Slavery Index report found the number of people living in modern slavery in Australia had more than doubled in the past four years. As incidents rise, so too does the nation's response, evidenced by an increase in reported cases and government funding.
The work of Tony Rinaudo has contributed to the regeneration of over six million hectares of desertified land in Niger alone. Farmer Managed Natural Regeneration (FMNR), is an approach to reforestation has become a global movement and is gaining popularity as a tool in the fight against climate change.
Moving makes you take stock of your life. It gives you a renewed awareness of things about to be lost, and a renewed gladness these things existed in the first place.
In 2020 and 2021, Scott Morrison secretly had himself appointed to administer the health, finance, treasury, home affairs and industry, science, energy and resources ministries. The newly elected Prime Minister Anthony Albanese charged Former High Court judge Virginia Bell with the task of investigating the affair.
There are many special days in the year and there’s no harm in celebrating umbrellas, origami or crochet. But surely the World Day of the Poor has a special place. It asks us to see the world for what it truly is and it is not always a pretty picture.
The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality.
For Europe, especially Germany, there should be enough gas in storage to limp through winter but by next spring there may be severe trouble. The leaders of Europe and the United States expected that they would win the economic war against Russia and force the invader to withdraw. Not only did that not happen, it is likely to lead to severe unintended economic consequences.
One of the tests by which we can judge political maturity is whether it gives due weight to complexity. It is easy to reduce political conversation to opposed statements between which we must choose. That will sometimes be appropriate. Often, however, discussion of policy raises several different questions, each of which needs to be considered.
On a superficial level, it makes no sense to commit so strongly to managing the impacts of climate change (adaptation) on the one hand while refusing to significantly reduce emissions (mitigation) on the other. On the other hand, when you start to unpack the logic of so much adaptation policy, this contradiction fades away.