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Questions are being asked of the Qantas board over fleet decisions made years ago. Halans/Flickr

Did Qantas bet the house on the wrong planes?

When Qantas posted a A$2.8 billion loss - the highest in the airline’s history - last week, one critical point was that $2.6 billion came from a write-down of the value of the aircraft in the Qantas international…

Going bananas over affordable housing

A poster in the head office of a state planning agency claims: “Highest Housing Approvals in a decade: Keeping homes more affordable”. Indeed, the latest figures show national housing approvals rose 16…

In defence of fiscally conservative treasurers

Many highly distinguished economists such as my friend Geoff Harcourt come from what is commonly known as the Post-Keynesian school. This means they believe the theory of economics and fiscal policy applied…

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Research and News

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The language of economics

Widespread violent protests in Greece in response to austerity measures showed the world what a real sovereign risk looks like. Joanna/Flickr

What is and isn’t a ‘sovereign risk’

The use of the term “sovereign risk” by Trade Minister Andrew Robb to describe the federal budget stalling in the senate shows just how fast and loosely the term has come to be used. But to whom is the…

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Research Briefs

‘Sin’ stocks lure investors with high returns

“Sin” companies such as tobacco, alcohol and gambling are ignored by institutions and analysts – until the profits get too…

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