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Joe Hockey provoked outrage with his recent suggestion that we should rely on families rather than the state for social welfare. His premise that high social spending leads to debt and decline reflects the GDP fetish of fundamentalist economists that Joseph Stiglitz blames for Europe's current economic problems.
Whatever the merits of Occupy Wall Street, it is far too early to speak of any substantial challenge to the dominance of capitalism. Yet there is a real taste for exploring alternatives. The most influential of faith-based approaches to economic theory is that of distributism.
The faith of the Irish in politics, economics and religion is at a low ebb, and for the most understandable of reasons. It is not a famine, but it is mighty grim. There are tens of thousands coming here under the 457 visa and the Irish Working Holiday Visa.
Unless countries are prepared to implement draconian birth-control policies like China's, realistically there is no alternative but to prepare for a world of 9 billion people. But the increase in global population need not provoke a catastrophe.
Even if we understand the intelligiblity of an automobile, we can still drive badly. With the GFC, the argument is not that better theories will ensure everyone behaves properly, but that without a proper economic theory even people of good will cannot work to achieve the good.
An alliance of traditional owners in the Murray Darling Basin is seeking to assert their role in decisions concerning water management. In Murray River Country, Jessica K. Weir shows how their view for a healthy river could bring economics and ecology into alignment.
In his forthcoming response to the global financial crisis, Pope Benedict does not have to reinvent the wheel. Catholic social writings have long insisted that economics must be directed to serve the good of everyone, not just the rich.
An 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.
Science coverage in the media is dominated by boffins and nerds in lab coats . It loses out to “real” stories of politics and economics in the serious broadsheets, magazines and current affairs programs, and to crime and celebrities in the tabloids and to infotainment on TV.
Inna Tsyrlin is the current editor of Lot's Wife at Monash University (Clayton), and is completing her bachelor in commerce/economics.
Tim Martyn is currently undertaking a Masters of Science in Development Studies at the London School of Economics. He has just spent three months working on a development project in western province Kenya.
Richard Mulgan is a director and lecturer at the Crawford School of Economics and Government at the Australian National University.
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