Category Archives: Practical Economics

The Greek crisis… see you again in a year or two

In my time studying economics and and working as an economist, what always seemed quite strange to me, was the way the economy was always disconnected from ‘society’. Not only was it disconnected, but always prioritised.   The ludicrousness of … Continue reading

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The 2011-12 Budget Commentary

Well, the 2011-12 Federal Budget has come and gone. Despite promises of a ‘tough’ budget, it was actually not that tough at all. Though there are many policies that this government has implemented that I do not agree with (which … Continue reading

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Budget surplus and deficits

One of the great fallacies of contemporary economics is that fiscal responsibility equates to budgetary surpluses. We see debates about the size of the budget deficit dominating Parliament when it is not the size that counts, but its structure. This … Continue reading

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The mining tax… why it remains a good idea

Like most of you this week, I have been reflecting on the state of Australia politics and am thinking that a good shake up is exactly what we need… For too long the two main parties have resembled each other … Continue reading

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Economics – a discussion of housing and stimulous

Hi everyone Many of us have been frustrated with the simple positions taken in the 2010 federal election especially around economics. As a result, I have decided to write a couple of pieces as follows… 1. The stimulous package No … Continue reading

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Patents and intellectual property rights

In economic theory, patents are seen to be an important dimension of encouraging new research breakthroughs. Though this is often correct, in an article published here I explain how patents don’t always encourage research and innovation – and in fact, … Continue reading

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The 2010 Budget and Taxes… all serious stuff

Hey everyone It has been a crazy few weeks and I have not had a chance to keep up with the various things that have been  happening! Rather than going back to try and catch up, I thought I would … Continue reading

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Dutch Disease: Resource Riches can be an Economic Curse

One of the things that has always worried me has been the over reliance that we have on the ‘resource’ sector. This has meant that our national policies are easily held to ransom by this sector and a real response … Continue reading

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