Economics

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.

A car driving through the outback.

Even as Victoria confronts a six-week shutdown in response to emerging coronavirus cases, other states are reopening. Policy responses must reflect the needs of the most vulnerable, say UNSW Business School’s Leisa Sargent and John Piggott.

house made of banknotes

It's time to reform stamp duty, one of the most inefficient and distorting taxes collected by Australia's state and territory governments.

Tim Harcourt

The US is still an important market for Australia but ultimately an international multilateral-based trading system is better than the US having deals of managed trade around the world, says JW Nevile Fellow in Economics Tim Harcourt.

Iraq War protestors

We judge the competency of politicians by what they say and do. This creates perverse incentives for even competent politicians to refuse to admit mistakes.

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