Category Archives: Economy

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | Tagged , , , , , | 3 Comments

ROSS GITTINS. Viking economics: How Nordic nations debunk a Scott Morrison mantra (SMH 9.10.2019)

I’d like to tell you I’ve been away working hard on a study tour of the Nordic economies – or perhaps tracing the remnant economic impact of the Hanseatic League (look it up) – but the truth is we were … Continue reading

Posted in Economy, Politics | 2 Comments

IAN McAULEY. Reclaiming the ideas of economics: Society, Economy and Environment

Policymakers and journalists generally talk about “society”, “the economy” and “the environment” as if they are separate entities, implying a tradeoff of objectives. Such a classification leads to poor policy and promotes unnecessary division.

Posted in Economy | 7 Comments

MICHAEL KEATING The Fiscal Outlook: Is the projected Budget surplus sustainable and should it be? Part 2

With a stagnant economy, there are strong arguments for a fiscal stimulus package that would almost certainly postpone the return to Budget surplus for a couple of years. But what of the longer term? This article uses the Medium Term … Continue reading

Posted in Economy, Politics | 1 Comment

MICHAEL KEATING. Economic Update Part 1

The recent release of the National Accounts data confirms that the Australian economy is stuck in secular economic stagnation. This article argues that current policies are unlikely to restore economic growth sufficiently to allow Australia to realise its economic potential. … Continue reading

Posted in Economy, Politics | 2 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

A regular collection of links to writings and broadcasts in other media

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DANIEL BRAMMALL. The financial advice changes nobody is talking about

 The long-suffering consumer of financial services has plenty to be pleased about thanks to sweeping industry reforms. The initiatives mark the end of a gravy train culture and a renaissance in genuinely independent financial advice. They are reforms, however, of … Continue reading

Posted in Economy, Politics | 1 Comment

IAN McAULEY. Reclaiming the ideas of economics: Jobs and Growth

Not all growth improves our wellbeing; not every job is a useful job. We should not confuse economic indicators, encapsulated in slogans, with meaningful economic outcomes.

Posted in Economy | Tagged , , | 2 Comments

IAN McAULEY. Reclaiming the ideas of economics: Aspiration

“Aspiration” used to mean something more noble than greed.  We need to claim it back.

Posted in Economy | Tagged , , | 6 Comments

KIM WINGEREI. The Curious Case of a Telco Merger Opposed

On one side of the courtroom: TPG, a consumer-oriented telco grown large on acquisitions and minimalist customer service, run by a reclusive billionaire. Next to them is Vodafone, a mobile carrier with a global brand, the perennial number three in … Continue reading

Posted in Economy | 4 Comments

TONY SMITH. CEO remuneration and socio-economic decline

Superannuation investors are keenly interested in income distribution patterns. They also monitor the ethics of companies in which they might invest. Recently they published a report of research into the Australian Stock Exchange’s top 100 Chief Executive Officers. The report … Continue reading

Posted in Economy | 5 Comments

NOEL TURNBULL. 181 CEOs take on Milton Friedman

When 181 US chief executives, organised by the Business Roundtable, issued a “collective statement on the purpose of the corporation” it caused fury among some investors and economists; joy among some activists; cynicism among other activists; and, horror among conservative … Continue reading

Posted in Economy | 2 Comments

CLINTON FERNANDES. Worried about agents of foreign influence? Just look at who owns Australia’s biggest companies (Conversation 12-9-19)

The attention being given to possible covert influence being exercised by China in Australia shouldn’t distract us from recognising that very overt foreign influence now occurs through investment.

Posted in Economy, Politics | 3 Comments

IAN McAULEY. Reclaiming the ideas of economics

Against all evidence there is a widespread belief that the Coalition is more competent in economic management than Labor. In part this is because it has appropriated the language of economics to suit its own ideological agenda.

Posted in Economy | Tagged , , | 4 Comments

ABUL RIZVI: Morrison’s Mixed Messages on Migration

A string of immigration related articles in The Australian on 5 September 2019 and on 7 September 2019 again dutifully conveyed the Government’s mixed messages on immigration policy without asking a single question about the inherent inconsistencies and loss of … Continue reading

Posted in Economy, Refugees, Immigration | Comments Off on ABUL RIZVI: Morrison’s Mixed Messages on Migration

COLIN BROWN. The Indonesia-Australia Closer Economic Partnership Agreement (IA-CEPA): A Game Changer? (Australian Outlook, 5 Sep 2019)

Despite their geographical proximity, Australia and Indonesia are minor trading partners. In 2018, Australian merchandise exports to Indonesia were valued at just $6,823 million, and imports from Indonesia $4,996 million. Trade in services was smaller still, as the exports to … Continue reading

Posted in Asia, Economy, International Affairs | Comments Off on COLIN BROWN. The Indonesia-Australia Closer Economic Partnership Agreement (IA-CEPA): A Game Changer? (Australian Outlook, 5 Sep 2019)

RAGHURAM G. RAJAN. The True Toll of the Trade War (Project Syndicate, 5 Sep 2019)

Another day, another attack on trade. Why is it that every dispute – whether over intellectual property (IP), immigration, environmental damage, or war reparations – now produces new threats to trade? 

Posted in Economy, International Affairs | 1 Comment

MICHAEL PASCOE. While Canberra ignores the RBA, the world pays attention (The New Daily 27-8-19)

The federal government is increasingly giving Reserve Bank governor Philip Lowe the cold shoulder while the world’s central banks are paying him serious attention.

Posted in Economy, Politics | 2 Comments

BILL CLEMENTS. Grain silos and war memorials

In 2008, archaeologists from the University of Chicago discovered ancient grain storage silos in Southern Egypt. Made from mud brick, they were there when Jacob’s sons, in a time of famine, came seeking grain. We are fortunate that these silos … Continue reading

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ALEX COBHAM. We Could Eliminate Extreme Global Poverty If Multinationals Paid Their Taxes. (Truthout 18-8-19)

International tax rules have reached a crossroads. The reform programannounced by the Organisation for Economic Co-operation and Development (OECD) this summer represents the last chance for the Organisation’s club of rich countries to find an approach that can curtail the … Continue reading

Posted in Economy, Human Rights | 1 Comment

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | Comments Off on SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

IAN McAULEY.  Tuvalu, climate change and Westminster

The conventional wisdom is that Morrison’s intransigence on climate change, which has badly damaged our relations in the Pacific, is due to the arithmetic of his slim parliamentary majority. But why do we have to assume that our two-party “Westminster” … Continue reading

Posted in Economy, Politics | 3 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | Comments Off on SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

HAIQING YU. Inside the world of the Chinese shoppers who are unnerving Australians.

Reports on daigou (personal shoppers) in Australia have evoked mixed feelings about Chinese presence and influence in Australian everyday and economic lives.

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CHRISTOPHER SHEIL & FRANK STILWELL. The continuing redistribution of Australia’s wealth, upwards

The recent release of the results of the ABS’s biennial survey of income and wealth met a critical response, perhaps due to a slip-shod press release. The official statistician’s headline read: ‘Inequality stable since 2013-14’. In summary, the ABS announced, … Continue reading

Posted in Economy | 1 Comment

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | Comments Off on SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy | Comments Off on SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy | Comments Off on SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

MICHELLE PINI. Newstart, wage theft and big fat ducks​​​​​​​ (Independent Australia)

“Having a go” just to put food on the table? Unless you’re a well-fed restaurateur or politician, it’s unlikely that you’ll “get a go” from this Government.

Posted in Economy | 3 Comments

BE SEO. Australia is turning into a car park for dirty vehicles (AFR 15.7.2019)

Australia’s most popular cars emit between 8 and 42 per cent more carbon dioxide than their UK counterparts, raising concerns that the country has become a parking lot for dirty vehicles.  

Posted in Economy, Environment and climate | Comments Off on BE SEO. Australia is turning into a car park for dirty vehicles (AFR 15.7.2019)