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Wall Street Blues

20 October 2008 | Jim McDermott
Drift of autumn leaves alongside cracked sidewalkAs I walk the streets of Manhattan, things seem much the same as always. Yet newspapers are peppered with references to the market 'cratering', a term that conjures the desolate landscape of the moon. A friend suggested another interpretation: 'A crater is what's left after a massive explosion.'

The chuckling economist

13 October 2008 | Bronwyn Lay

On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face.

It's time to ditch GDP

23 September 2008 | John Wicks
Australian currencyThe 'trickle down' of wealth proclaimed by neo-liberalism is debatable, and hardships flowing from sub-prime activities descend on the disadvantaged with the finesse of a freight train. Some economists have demanded the GDP measure be replaced by goods and services data that promote the common good.

When sharemarkets and the real world collide

19 September 2008 | Robin Bowerman
GraphThe problems besetting Wall Street investment banks seem a long way from life in downtown Australia. The need to know the context of the economic crisis, and to keep a clear head, has never been more important.

APEC good for business, not so good for humanity

05 September 2007 | Anne Lanyon
APEC good for business, not so good for societyThe APEC theme 'Strengthening our community: Building a sustainable future' is an honourable one. But look further, and you’ll get a glimpse of the priority the Australian Government has for things economic, and an acknowledgement of the role of business in shaping the agenda.

How to measure governments' economic performance

1 Comment
22 August 2007 | Les Coleman
How to measure governments' economic performanceBoth Government and Opposition seem committed to economic reform. But the fact that the Howard Government's fiscal policy is currently being steered by a drunken sailor is cause for alarm, as is Kevin Rudd's lack of experience and seeming inability to come up with his own economic policies.

Remembering a homeless man named Patrick

1 Comment
08 August 2007 | Daniel Donahoo
Remembering a homeless man named PatrickAn obsession with an economics graduate who founded an aged care organisation provokes memories of a night on the streets in the company of a homeless man named Patrick.

Financial decisions not value-free

08 August 2007 | Les Coleman
Financial decisions not value-freeInvestors are buyers of financial products and services and this affords them a unique opportunity to shape the nature of markets and financial institutions. They should not be shy to use their power to promote sustainability.

Smith’s invisible hand

24 June 2006 | David Ferris
David Ferris on the mysteries of the global economy.

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