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Keywords: Economists

  • ECONOMICS

    Review: The Shortest History of Economics

    • David James
    • 22 March 2024

    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.

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  • ECONOMICS

    The economy is in worse shape than you think

    • David James
    • 07 March 2024
    1 Comment

    The aggregate picture of the economy may seem healthy enough after two years of heavy immigration, over 800,000, and the return of students and tourists. But the elephant in the room remains. Australia is a two-tiered society sharply divided between people who own homes and people who do not. The generational divide is worsening.

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  • INTERNATIONAL

    The twilight of Western dominance in a world split in two

    • David James
    • 13 December 2023
    1 Comment

    As the world thawed post-Cold War, a debate raged over global supremacy, with Western powers predicting a unipolar world dominated by liberal democracy. Contrarily, others envisioned a future shaped by cultural and religious divides. In a shifting geopolitical landscape, the echoes of this debate continue to challenge long-held assumptions on global power dynamics.

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  • AUSTRALIA

    Who pays the price? Australia's inflation challenge

    • Joe Zabar
    • 28 June 2023
    3 Comments

    As Australian households grapple with soaring living costs and rising inflation, many are questioning the efficacy of the RBA's interest rate strategy, making the case for comprehensive government intervention to right the economic course.

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  • AUSTRALIA

    The RBA's man with the hammer

    • James Massola
    • 13 June 2023
    2 Comments

    In a year defined by surging living expenses, RBA Governor Philip Lowe finds himself the object of public ire, his failed rate predictions and aggressive anti-inflation measures becoming a litmus test for the enduring effects of a global crisis. Will the Labor party dare sever ties with Lowe, or will they allow him to continue wielding the hammer, regardless of the mounting human cost?

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  • RELIGION

    The Pope's economist: Mariana Mazzucato's plan to revitalize the global economy

    • Bruce Duncan
    • 01 June 2023
    2 Comments

    Prominent figures such as Australia's Treasurer Jim Chalmers and Pope Francis are turning to economist Mariana Mazzucato for insights on reforming the neoliberal capitalist system. Her vision for an equitable and sustainable global economy, aligned with the UN Sustainable Development Goals, is influencing key discussions on economic fairness worldwide.

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  • AUSTRALIA

    Labor takes ownership: What to expect from Chalmers' second budget

    • James Massola
    • 04 May 2023
    2 Comments

    Jim Chalmers’ second budget marks the moment the federal Labor government takes full ownership of the national economy. This budget shapes as a more ambitious document and a more authentically Labor one, too. Chalmers is seeking to look after those who are less well-off, while balancing that against the need to avoid overspending. 

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  • ECONOMICS

    When transactions mask reality

    • David James
    • 01 May 2023

    As the economy becomes more focused on monetary exchange, we overlook underlying realities that are hidden from plain sight. Largely invisible aspects of our economic life such as transactionalisation and industrial efficiency are transforming our society and can shape our future in unexpected ways. So what does this mean for the future of capitalism and our society?

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  • ECONOMICS

    Daring to intrude in the dismal science

    • Andrew Hamilton
    • 02 March 2023
    3 Comments

    As politicians and economists search for a simple solution to inflation, high debt, and rising interest rates, Australia's inequality has become a defining feature of its economy. As the fear of unintended consequences and the power of vested interests loom large, incremental reform may be the only way to reduce inequality and serve the common good.

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  • ECONOMICS

    Managestocracy

    • David James
    • 28 October 2022

    Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy. 

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  • ECONOMICS

    Real world problems can’t be solved by finance fictions

    • David James
    • 18 October 2022
    3 Comments

    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. 

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  • ECONOMICS

    Out-of-control house prices requires a different approach

    • David James
    • 11 May 2022
    4 Comments

    In purely economic terms, the upcoming Federal election is extremely unusual. The shut down of the Australian economy for almost two years because of health measures really has no precedent in our history. Only war can produce that type of shock. The Federal government’s financial response was as extreme as the state of emergency measures, including a sharp increase in Australian government debt. It remains to be seen, however, if the government gets much credit for injecting so much free money into the economy. It is unlikely.

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