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Keywords: Economist

  • MEDIA

    Lancet and the perils of peer review

    • Binoy Kampmark
    • 16 June 2020
    5 Comments

    When a distinguished journal is caught unawares in its editorial judgment, others will cheer at the burning house. The academic business is a tough one, and at its core is an exaggerated virtue that often conceals core defects.

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  • ARTS AND CULTURE

    Unique support needed for a unique sector

    • Bree Alexander
    • 27 April 2020
    4 Comments

    The arts and entertainment industry requires a sector-specific bailout created in consultation with a broad cross-section of arts professionals that considers measures for both the shut down and rebuilding. The reality is it cannot simply start up again once lockdown measures lift without support.

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  • ECONOMICS

    Be wary of a cashless future

    • David James
    • 03 March 2020
    10 Comments

    We live in an era of hyper-transactionalism, whereby most of what we do is subject to the exchange of money and market pricing. Whereas in the past much of humanity was bound to a political system, now most of us are bound to a globalised monetary system.

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  • ECONOMICS

    Economic stimulus to fight poverty

    • Bree Alexander
    • 25 February 2020
    2 Comments

    After taking account of housing costs, it is estimated that 3.24 million people, equating to more than one in eight people, are estimated to be living below the poverty line in Australia. For children, it is estimated to be one in six.

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  • ECONOMICS

    It's the end of 'industry as usual', so what next?

    • David James
    • 22 November 2019
    5 Comments

    At the next global financial crisis, when questions about what we want our monetary system to do for us become a matter of survival, why not devise a transactional system that is not just geared towards the consumption of goods and services, but involves monetary exchanges for social goods, such as sustainable production, or civic benefit?

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  • ENVIRONMENT

    Climate catastrophe and the irrational race

    • Megan Graham
    • 05 August 2019
    7 Comments

    The debate around climate change shows the danger in believing we humans are principally rational. History gives example after example of how our biases can make us do very irrational things. In the words of Dan Ariely, our species is 'predictably irrational'. It is helpful for us to know this, so that we can become better.

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  • ECONOMICS

    NZ's riposte to modern economic myths

    • David James
    • 02 July 2019
    5 Comments

    While money can be transacted for things that are bad — air pollution, road deaths, cigarette ads — as long as more transactions occur, it creates the illusion the economy is growing, which, ipso facto, is good. Thus, Japan's GDP rose sharply after the tsunami disaster. New Zealand's initiative will track better what is really happening in the country.

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  • AUSTRALIA

    Devils in the details of 'optimistic' jobs report

    • Kate Galloway
    • 21 June 2019
    4 Comments

    Inevitably, employers will use the report to counter calls by casual employees for more secure work. It is a shame therefore that the report does not pay greater attention to identifying the gaps in work security and the risk that this poses not only to individuals, but to society more broadly.

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  • ECONOMICS

    Could Labor fuel a property revolution?

    • David James
    • 07 May 2019
    5 Comments

    The Australian economy rests on a decades-long property gamble that has disenfranchised younger generations. It is why the differing policies of the two major parties at the federal election take on an unusual significance. The voters' choice will go a long way towards determining if that generational split will get better or worse.

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  • INTERNATIONAL

    Policy, not paranoia, is the antidote to Trump

    • Binoy Kampmark
    • 26 March 2019
    3 Comments

    The Mueller investigation was meant to be the confirmation of every parochial instance of anti-Trumpism. The mechanism was the supposed Russian connection. It provided a perfect distraction on domestic politics, taking attention away from debates on refugees and borders and discussions on poverty and social reform.

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  • ENVIRONMENT

    Australia needs its own Green New Deal

    • Osmond Chiu
    • 11 February 2019
    14 Comments

    Just as the focus of post-war reconstruction was not merely demobilisation but the maintenance of full employment, developing social security and economic development, decarbonising Australia must involve rebuilding faith that politics can deliver a better Australia. We need to ensure our response leads to a good society.

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  • ECONOMICS

    Compound interest is the root of banks' evil

    • David James
    • 04 December 2018
    7 Comments

    The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.

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