Category Archives: Economics and economy

Imports and Jobs

I saw this graph at Carpe Diem and wondered what the Australian equivalent would look like. So a quick visit to the ABS (I couldn’t easily find real imports of goods and services, so nominal will have to do) and … Continue reading

Posted in Economics and economy | 33 Comments

Nudge and utopia

My RMIT colleagues Swee Hoon Chuah, Robert Hoffmann and Jason Potts have edited a special issue of the Journal of Behavioral Economics for Policy. The early views are here. Chris Berg and I put in our 2c. Libertarian paternalists have to … Continue reading

Posted in Economics and economy | 27 Comments

Government employees support government policy

The Productivity Commission believes the federal parliament should go ahead with its legislated plan to impose GST on low value imported goods. That’s surprising.

Posted in Economics and economy, Taxation | 33 Comments

Managed trade is not free trade

I don’t think I am reading this chart wrong. It’s from The Australian in its front page story today: Free-trade rollback to hit jobs, pay. And there are all the benefits, such as the rise in real wages, which was … Continue reading

Posted in Australian Story, Economics and economy | 61 Comments

A brutal reminder of macroeconomic incompetence

The GFC was over with in 2009 and now we are at the end of 2017. So what are we to make of this, other than they have no clue what’s gone wrong:Brutal reminder of GFC still here, Treasury says, … Continue reading

Posted in Classical Economics, Economics and economy | 45 Comments

Really?

Two items caught my eye in The Australian. First: A Treasury report has warned that corporate Australia is blaming a decade of political instability for contributing to an investment slump, as Scott Morrison issues a call for businesses to fuel … Continue reading

Posted in Economics and economy | 24 Comments

Some random thoughts on identity

Greg Sheridan has an op-ed about the value of religion and being religious in The Australian. I don’t want to comment on his argument per se, but rather riff off one of his comments. I have faith that I am … Continue reading

Posted in Cryptoeconomics, Economics and economy | 45 Comments

Government can improve productivity by doing less

Most days I find myself nodding in agreement when reading Judith Sloan’s op-eds. Some days I find myself nodding in agreement when reading Peter van Onselen’s op-eds. Rarely, if ever, have I found myself agreeing with both on the same. … Continue reading

Posted in Economics and economy | 14 Comments

“In case you are not familiar with Kates . . .”

The video is Economics for Independent Thinkers which discusses the way economics is discussed outside the mainstream. There are many many reason for watching the above video from end to end, but this especially works for me, starting at around … Continue reading

Posted in Classical Economics, Economics and economy | 8 Comments

Mill’s lost ‘supply-side’ perspective has now been found

Here’s the subhead to an article on the editorial page of the AFR today with the title: Job creators don’t need subsidy. The billions spent on industry support seems to make very little difference to new job creation. This is … Continue reading

Posted in Classical Economics, Economics and economy | 11 Comments