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Keywords: Economics

  • CARTOON

    Going with the flow

    • Fiona Katauskas
    • 06 October 2020

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  • AUSTRALIA

    Putting a value on a human life

    • Andrew Hamilton
    • 01 October 2020
    7 Comments

    The response to COVID has invited reflection about the relative value of one human death (and so of one human life) as compared with another. This is a radical question because it makes us ask whether the value of a human life is defined by economic wellbeing and by potential contribution to the economy, or by deeper qualities.

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  • ECONOMICS

    October Budget rides on collective confidence

    • Joe Zabar
    • 24 September 2020
    3 Comments

    The havoc COVID-19 has wreaked on our economy has been less damaging than for some other countries. While international comparisons may help us feel better about our circumstances, the reality is that Australia’s economy is in trouble and will need more than economic first aid through measures like JobKeeper to get us back on track to recovery.

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  • ECONOMICS

    Class and COVID-19

    • David James
    • 17 September 2020
    5 Comments

    The issue of class, economic inequality, has for some time been conspicuously absent in contemporary political debate. In the wake of COVID-19, which will greatly exacerbate income and wealth disparities, such inattention must be addressed.

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  • ECONOMICS

    The great economic rethink?

    • David James
    • 20 August 2020
    6 Comments

    There will be Great Reset in finance and economics. It is inevitable because the shock has been so great. The first problem is what to do with global debt, which was already at unsustainable levels before the virus hit: over 320 per cent of global GDP. The only way to prevent system-wide failure has been to lower interest rates to near zero levels.

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  • ECONOMICS

    Mixed picture for Australian economy

    • David James
    • 23 July 2020
    1 Comment

    The full economic impact of the coronavirus lockdowns will not be fully felt until the end of the year, but it will be devastating. The Treasurer, Josh Frydenberg, is already estimating that the effective employment rate is 13.3 per cent; it may be headed for as high as 20 per cent. It raises a question, not just in Australia, but in many developed countries. Will there be a significant middle class left after such economic destruction?

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  • ECONOMICS

    Women deserve a bigger role in our economic recovery

    • Nicola Heath
    • 30 June 2020
    2 Comments

    It turns out that the COVID-19 economic crisis is disproportionately affecting women — so much so that some have dubbed it a ‘pink-collar recession’. Unemployment figures show that since February, 457,517 women have lost their jobs compared to 380,737 men.

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  • ECONOMICS

    Looking back, looking forward

    • David James
    • 30 June 2020
    3 Comments

    A commonly heard phrase, or rather media cliché, is that after the COVID-19 crisis ‘things will never be the same.’ It is an understandable sentiment, given the seemingly unprecedented nature of recent events. But how novel is what happened, and how much will actually change? 

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  • ECONOMICS

    The flawed ideology of healthcare as business

    • David James
    • 28 May 2020
    5 Comments

    Calling healthcare a business was always logically flawed. Money is involved, but it is unlike any consumer product businesses. For one thing, the ‘customer’ in health does not decide what represents value, the provider (the doctor or equivalent) does. Patients may have a say, but usually only on the margin.

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  • AUSTRALIA

    Post COVID-19 in rural, regional and remote Australia

    • Jen Cleary
    • 13 May 2020
    4 Comments

    What is often not expected or well understood is the effect of ‘lag time’ aftershocks in our regions following economic crisis. Lag time is an attribute of some rural, regional and remote communities and is most often seen in economically path dependent and single industry communities, many of which of course, comprise RRR Australia.

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  • ECONOMICS

    A way forward to COVID-19 economic recovery

    • Joe Zabar
    • 05 May 2020
    6 Comments

    To date, most of the Morrison government’s economic packages could best be described as ‘economic welfare’. They are measures designed to limit the impact on the economy of the COVID-19 pandemic. The recovery phase will very much need to be about stimulating the Australian economy.

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  • ECONOMICS

    Taking a closer look

    • David James
    • 29 April 2020
    6 Comments

    The COVID-19 pandemic is starting to ease, but the economic and financial fall out has just begun. It is not as if the world economy was in good shape before economic activity was slashed and entire industries were shut down. Those fault lines are only going to worsen, and the consequences might be very dark.

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