We need to account for the benefit we get from nature.
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When we don’t factor in the environment in our economic decision making, we aren’t getting an acurate picture of what’s happening. Australia needs to adopt more environmental economics.
A blockchain could be used to record all of our interactions with the government.
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The problems with Centrelink’s data-matching system stem from reconciling datasets held by different agencies. What if we used a blockchain to create a single source of data?
Labour force surveys and the Census just aren’t getting it right when it comes to the crucial task of measuring employment.
Census WA/AAP
The ABS’ labour force survey is more than 50 years old. We need a new way of measuring employment for a new modes of work.
What does a fraudster look like?
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What are fraudsters really like? Are they all psychopaths? To fight fraud we need an accurate picture of who commits these offences.
Norweigian oil rig.
Black Inc. Books
Paul Cleary makes a good case as to why Australia should follow Norway as an example of how to tax miners in Trillion Dollar Baby.
Timor-Leste and Australia will renegotiate a treaty from 2006.
AAP/Mick Tsikas
A 2006 treaty governing the A$40 billion Greater Sunrise oil and gas fields has been a source of contention for a number of years.
The Commonwealth Ombudsman will investigate Centrelink’s automated debt-recovery system.
AAP/Dan Peled
Centrelink’s debt recovery system is using information in a way that it was not designed to be applied, without properly adjusting for differences between the tax and social security system.
It’s important to know what consumers are thinking and feeling.
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Economists have been tracking how consumers feel for decades now. But what does it all mean?
The failures of the 2016 Census have caused many Australians to ask whether it’s really worth it anymore.
Carlo Allegri/Reuters
The Australian Census has been taken since 1911. But is it still necessary in today’s world of mass digital data collection?
Accessible “green space” in cities is one of the things we will start measuring.
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For a long time the way we measure what is going on in our economy and society has distorted our actions. We’re now building a more holistic way of measuring progress.
It’s important to look at what businesses are purchasing.
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If you’re into business and finance there are myriad numbers you can look at. But PMI is one of the better ones if you really want to know where an economy is going.
Unionists protesting the reduced role of the Industrial Relations Commission after the introduction of the work choices legislation in 2006.
Julian Smith/AAP
Even though enterprise bargaining agreements proved controversial when introduced, their use is actually in decline today.
The government was forced to respond to John Hewson’s plan.
The National Archives of Australia, Author provided
Blindsided by John Hewson’s policy platform, the Keating government scrambled to come up with solutions to the “recession we had to have”.
Cabinet papers released today have given us some insight into how current issues like the gender superannuation gap emerged.
Daniel Munoz/Reuters
The changes to superannuation discussed in the 1992-93 cabinet papers shaped the system we have today for better and worse.
Bill Gates embraces Facebook’s Mark Zuckerberg during an announcement of the Chan Zuckerberg Initiative to ‘cure, prevent or manage all disease’ by the end of the century.
Beck Diefenbach/Reuters
The priorities of science are being influenced less by government policy and academia, and more by the priorities of the philanthropic giver.
One way to anticipate the future is to look to the past.
Bernard Spragg/Flickr
The institutions that once allowed us to pull ahead may soon be the reason we fall behind.
Proponents of the universal basic income overlook its potential to be a reverse Robin Hood scheme.
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The present Australian social security and welfare system can be viewed as a UBI scheme with exceptions for people who don’t need it.
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A handful of our business economics writers share the favourite books they read this year.
US Fed Chair Janet Yellen’s term expires in early 2018. Who will replace her?
Kevin Lamarque/Reuters
My Christmas fiscal wish is that in 2017 both sides of politics treat the Australian public like adults.
Young Australians are in need of government policy reform if they are to find stable jobs in the future.
Joel Carrett/AAP
Young Australian jobseekers are facing a difficult future due to the loss of many traditional entry-level positions to automation. A solution may lie in bold policy ideas.
Commonwealth Bank CEO Ian Narev got a 50% pay rise despite scandals involving the bank in 2016.
Dan Himbrechts/AAP
Just before everyone sits down for their Christmas dinner ASIC has handed two of Australia’s big four banks a big present.
Research reveals a business case for corporate philanthropy.
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You may think it’s hard to justify corporate giving, but if done well it can be a win-win-win for the company, community and shareholders.
Generations have differences but it’s the inequality within a generation that deserves more debate.
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The debate about different generations’ economic status misses the inequality within generations, especially younger Australians.
Where is federal road funding going?
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Once again the federal government has given more infrastructure funding to Queensland, ignoring less politically important states like Victoria.
When it comes to the speed of their company’s growth many CEOs are fearful of making wrong decisions.
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Money alone will not create the numbers and kinds of jobs required to boost the economy.