Category Archives: Economy

What people in other forums are saying about public policy

What people in other forums are saying about public policy

Media rants on our summer firestorms blame the lack of fire preparedness or a tardy emissions policy. To nudge Australia out of harm’s way over the next fifty years requires systemic and harmonious change over six big areas: implementing local … Continue reading →

In the court of public opinion Bridget McKenzie has become the scapegoat for systemic poor administration.

“Secular stagnation” refers to the long-run (or secular) tendency for growth rates to stagnate in advanced capitalist economies – associated with high unemployment and excess capacity.

If we humans are to survive the catastrophic threats that now confront us, we must urgently rethink the way we live and care for our planetary home. In turn, that demands that we examine the role that economic theory and … Continue reading →

In dealing with economic problems requiring adaptive change we shouldn’t look to so-called “leaders”. We need leadership.  There is a profound difference.

Economics and public policy are influenced by a nineteenth century model of capital, and therefore of capitalism, that is no longer fit for purpose.

Last Wednesday’s release of the national accounts for the September quarter confirmed what we already knew – economic stagnation continues. Most importantly, it is hard to see why the economy will ever improve under present policies. Instead we need a … Continue reading →

The last thirty years have seen a massive sale of government business enterprises, which, on privatisation, have set prices in line with corporate profit-maximisation. Contrary to conventional wisdom, the consequent allocation of resources is probably less efficient than would have … Continue reading →

Sometimes an analogy to something old yields an insight into something new. That is the case with the idea of “data as labor,” promoted by Glen Weyl and Matt Prewitt of RadicalxChange.