Articles on Economics

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Post-war Australia experienced a boom with full employment and falling inequality. State Library of Queensland

Governments haven’t always shirked responsibility for our low wages

The federal government could restore its commitment to creating full employment in Australia, using its spending power to make up for any shortfall in private jobs as it did during the post-war boom.
Academics put Hammond in the spotlight. EPA-EFE/ANDY RAIN

Budget 2017: experts respond

Academics deliver their verdict on Philip Hammond.
Paper chains hang on the White House fence in Washington in October 2010 during a demonstration against the IMF and World Bank neoliberal economic policies during their annual meeting. Has the term neoliberalism run its course? (AP Photo/Jose Luis Magana)

What exactly is neoliberalism?

The term "neoliberalism" has a rich history but has it run its course as an accurate concept when so many people have such different understandings of what it means?
Most Puerto Ricans are still in the dark, as is the mainland about the recent hurricanes’ economic impact. Reuteres/Alvin Baez

Why Puerto Rico ‘doesn’t count’ to the US government

Although Puerto Ricans are American citizens, what happens on the island tends to stay there, at least in terms of economic data.
Finance Minister Bill Morneau and Prime Minister Justin Trudeau leave the Prime Minister’s office holding copies of the federal budget in Ottawa in March. Would Canada benefit from a Budget Honesty Charter of the type that’s had success in Australia? (THE CANADIAN PRESS/Sean Kilpatrick)

Should Canada emulate Australia with a ‘budget honesty’ charter?

Australia's Charter of Budget Honesty could be easily adopted by Canada. Such a charter can include suggestions for constraints and rules that encourage fiscal discipline.
If people want commodities like: love, company, doing tasks together, they are better off if marriage is permitted. David Crosling/AAP

What economics has to say about same-sex marriage

It's better for the economy for more people to be married because of productivity and efficiency gains. This whole framework doesn't require people to be of the same or different sex.

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