Father and son Geoff and Tim Harcourt on how family, history and a love of economics led them to very different academic careers
All borrowing, whether domestic or foreign, entails a tax impost.This borrowing is only justified if it is to fund long-lived public goods that I, and others, benefit from collectively, writes Peter Swan.
The terminology used by treasurers in recent decades reflects serious conceptual misunderstandings of how real economies work, writes Geoff Harcourt.
