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Keywords: Economics

  • ECONOMICS

    Management thinking in schools is a bad business

    • David James
    • 09 June 2015
    19 Comments

    Allowing such a flimsy discipline as management to co-opt an area as important as education, as appears to be the trend, is as absurd as it is saddening. Education has been with us for thousands of years and encompasses some of the most profound thinking the civilisation has produced. Management thinking has been with us for a few decades and has accomplished next to nothing.

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  • AUSTRALIA

    Fossil fuel divestment economics in line with morality

    • Michael Mullins
    • 01 June 2015
    3 Comments

    The Norwegian Parliament has just ordered its $A1.15 trillion Sovereign Wealth Fund to divest from coal. This represents the largest single divestment from fossil fuels in human history, and our biggest sign yet that the age of coal is over and the financial case for investing in fossil fuels is likely to disintegrate. Australia will crash and burn both economically and morally if we do not follow suit.

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  • AUSTRALIA

    Education with higher expectations

    • Andrew Hamilton
    • 28 May 2015
    7 Comments

    Tony Abbott's evocation of 'the tyranny of low expectations' invites more general reflection on education and public life. I believe that the Australian approach to education does indeed impose a tyranny of low expectations in the sense that the expectations are defined by economic achievement and its attendant wealth and status, and the goal for schools is success in enabling students to participate economically.

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  • AUSTRALIA

    Neoliberal economics can't care for the disadvantaged

    • Paul Jensen
    • 22 May 2015
    9 Comments

    Neoliberal economics underlies the recent Federal Budget and the major parties’ welfare policies. It proclaims the end of the age of entitlement and speaks of small government, as it embraces the privatisation of 'service delivery'. Faith based organisations are involved as agencies of the government, often forced to impose punitive measures rather than the promise of the 'carrot' that is their purpose. 

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  • AUSTRALIA

    Federal Budget a lost opportunity

    • Marcelle Mogg
    • 13 May 2015
    8 Comments

    Is this the Budget you have when you're not having a Budget? The most remarkable thing about this Budget, in contrast with Prime Minister Abbott's promise of a fair Budget, is that so much of it relies on the re-election of a Coalition Government in 2016. Is it fair to make vulnerable Australians wait that long?

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  • AUSTRALIA

    Budget must move beyond political fetish

    • Fatima Measham
    • 12 May 2015
    3 Comments

    The practice of presenting the budget to parliament came out of a crisis. In 1733,  British Prime Minister Robert Walpole's announced plan to impose an excise tax on wine and tobacco was met with outrage. It reflects the reality that budget presentation did not start out as a neutral exercise in transparency but rather a mishandled piece of political communication.

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  • ECONOMICS

    Ukraine conflict heightens global economic split

    • David James
    • 28 April 2015
    2 Comments

    The conflict in the Ukraine has attracted a great deal of attention for its geo-strategic implications. Less noticed have been the economic implications. The sanctions placed on Russia have forced Russia to become even closer to China, and the alliance between a military superpower and an economic superpower is beginning to split the global economy in two. It may come to represent the biggest geo-economic and geo-political shift of the first half of this century, defining much of the future landscape.

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  • The questionable good that our public policy serves

    • Elenie Poulos
    • 02 April 2015
    4 Comments

    Humans have always pursued wealth and the power it affords, but only relatively recently has the world itself become organised around the service of that wealth. The systems and structures which define the way our world works are financial, geared to the making of profit. They are global and buoyed by governments whose domestic and foreign policies ensure their support. ‘Social good’ and the ‘common good’ are assumed to be economic neoliberalism, and what’s in the ‘public interest’ is whatever advances the neoliberal economic agenda.  

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  • ECONOMICS

    Joe Hockey's crystal ball

    • David James
    • 06 March 2015
    8 Comments

    The 2015 Intergenerational Report is reminiscent of a comment by that great 20th century philosopher and baseball player Yogi Berra: 'It’s tough to make predictions – especially about the future.' Many economic commentators have pointed out, rightly enough, that Treasury cannot even get its one year predictions right. Nevertheless, it is worth looking at how the 40 year forecasts are constructed to see the kind of thinking involved.

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  • ECONOMICS

    Oil and gas redraw world strategic alliance map

    • David James
    • 16 February 2015
    3 Comments

    Sanctions against Russia have pushed Russia and China much closer together. Russia is set to provide two fifths of China’s gas needs after the completion of two massive pipelines. This will easily replace what they have lost in supplying Europe and deliver what the Chinese most crave: security of supply. Meanwhile, Russia has cut off 60 per cent of its supplies of gas into Europe, re-routing it to Turkey, and saying that Europe will have to build its own infrastructure to transport it to the Continent.

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  • ECONOMICS

    Hapless Joe Hockey

    • David James
    • 10 December 2014
    12 Comments

    One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.

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  • AUSTRALIA

    Abbott's woes through Pope's human values lens

    • Andrew Hamilton
    • 04 December 2014
    23 Comments

    Pope Francis' recent reflections on Europe apply also to Australia. He points to the cult of economic growth that exists at the expense of human values and the relationships that shape our humanity. His critique suggests the challenge facing our Government is not to make its policies appear more palatable when they're not, but to offer policies that are in themselves enriching.

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