Economics

Abhijit Banerjee and Esther Duflo

Nobel Prize winners Esther Duflo and Abhijit Banerjee reveal how economics can help solve the thorniest social and political problems of our time.

1971 Holden Mercury Silver ute

There's a strong case for more strategic local manufacturing. There's little case for making cars and trains in Australia.

An image of the Australian flag and a sign with 'Budget 2020' on the left.

With the government taking on record debt in a bid to pull Australia out of recession, infrastructure-related spending must be carefully managed, says UNSW Business School.

2020 Federal Budget report

The government has brought forward planned tax cuts. And while some say we shouldn't be cutting taxes during a recession, the plan has its merits.

Google News web page

Making Google and Facebook pay Australian news publishers might be good politics, but it is odd economics.

Man with red dollar signs in his eyes

Firms should attempt to maximise profits, but if shareholders want it, there's no reason why they can't have other goals.

compass pointing to recession

Most recessions are caused by an overreaction to too much inflation. This one is because we are not spending.

Magic Christmas pudding

The Reserve Bank Australia has exhausted the limits of monetary policy, There's no magic pudding, says governor Philip Lowe.

elderly man in face mask

The evidence is in and the answer is clear. We must try and eliminate COVID-19 for the health and economic benefit of Australians of all ages.

Brisbane Laneway food market

Research suggests the coronavirus pandemic's greatest impact is due to people changing their behaviour voluntarily. So we may be overestimating the costs of government restrictions.

Pages