If we want economics to appeal to young Australians, it needs to move away from theory and towards tackling some of the trickiest issues faced by the next generation.
For economics to play a more helpful, critical role, it must abandon blind faith in the free market and embrace the social, historical, and environmental context in which economics actually happens.
A woman in Venezuela shows off the new two and five bolivar soberano bills.
Reuters/Carlos Garcia Rawlins
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won't work.
African women do a lot of unpaid work that isn’t captured in GDP calculations.
The methods used to measure gross domestic product are being criticised for excluding the unpaid work done by women.
Economists try to create and use maps to navigate the world of human choices. But in some ways, these maps are limited.
Data shows gender disparities in networking.
The low share of women revealed in this data is problematic for two reasons: a lack of diversity, and what it shows about women's participation in the social network of informal collaboration.
Enough blue-sky thinking: economists back the emissions policy that Alan Finkel has put on the table.
AAP Image/Dan Himbrechts
A panel of leading economists has given its majority verdict on Alan Finkel's proposed Clean Energy Target: it may not be the best possible emissions policy, but we should get on with it anyway.
Rapid rise of Australian house prices have created disagreement between economists on whether a housing bubble currently exists.
Economists struggle to agree on when and where housing bubbles occur, but bubbles all have similar characterisitics.
APRA and its chairman Wayne Bryes may be more prescriptive on lending rules in an attempt to curb rising house prices.
The government's unwillingness to consider changing the tax system to fix housing affordability, makes it more likely that APRA may have to become even more prescriptive with its lending criteria.
Sean McGee Hicks/Flickr
Ridiculed and ignored in 2016, what can the 'dismal science' offer us now?
Economics lecturers need to teach their students about more than just numbers.
In both the global North and South, economics tends to be taught with micro- and macroeconomic models that are disconnected from sociopolitical realities. We suggest new ways of teaching economics.
Present and correct.
Economics struggles to explain the explosion of gift models at the heart of our online economy.
The idea that we make rational choices is the basis for how businesses and governments make their plans. But psychologists have been asking some awkward questions.
South Africa’s Finance Minister Pravin Gordhan is a hunted man.
A row between South Africa's finance minister and the country's Directorate for Priority Crime Investigations has prompted academics to pen an open letter asking President Jacob Zuma to intervene.
Taking the mic. Varoufakis.
Greece's 'accidental economist' speaks to the UK's leading minds on Syriza, the troika, and whether he’s just a little over-exposed.
Not all of the post-independence period in Africa has been an economic failure.
Africa’s growth failure happened because of a combination of external economic shocks and a less-than-perfect policy response, from both international donors and national economic policymakers.
New African economic history is challenging earlier wisdom by showing, for example, that railways have had profound effects, both positive and negative on African societies.
African economic history has had a renaissance and its most valuable contribution has been to show that Africans have not always been poor, nor are current poverty levels an inevitable destiny.
No Cable extension.
The dismal science has had a dismal verdict from the UK electorate, and the new government isn't coming to the rescue either.
Rock star economists have been around for a long time, just like Jon Bon Jovi.
Brian Cox, Mary Beard, Mick Aston, Niall Ferguson are all (just about) household names. They each have academic success – and their own television programs (“Wonders of the Solar System”, “Meet the Romans…