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Artículos sobre Economics

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In a recently released report, IMF chief economist Olivier Blanchard admitted that implementing austerity in Europe was a mistake. AAP

We were wrong: IMF report details the damage of austerity

In a rare volte-face, the International Monetary Fund this week admitted that it grossly underestimated the impact of the austerity regime it advised Europeans to adopt. A paper authored by IMF chief economist…
College day betting lead to a fascination with the stockmarket for this physicist. Dan Raustadt Flikr

A rocket scientist’s view of the stockmarket

The last Space Shuttle recently returned to Earth. That reminded me that 45 years ago I was undertaking a PhD in physics at Australian National University, investigating the re-entry of the space shuttle…
Economist and FT economics commentator Martin Wolf delivered this year’s Corden Lecture to more than 500 people. University of Melbourne

Universities left economists ill-prepared for the GFC: Wolf

Universities and macro-economists still haven’t found a way to solve the crisis of economics that was triggered by the global financial meltdown says economist Martin Wolf. Speaking to an audience of economics…
Stanford University’s Alvin Roth (pictured) and UCLA’s Lloyd Shapley were given the Nobel prize “for the theory of stable allocations and the practice of market design”. AAP

Match-making economists earn Nobel prize for economic engineering

The Nobel prize for economics is often awarded for relatively abstract theoretical work. Rather less often, it is awarded for work with clear practical relevance. This year, the committee responsible for…
Beyond charity: philanthropists want a stake in giving. Broken Simulacra / flickr.com

Is ‘philanthrocapitalism’ the future of Australian charities?

The collapse of the child-care business ABC Learning in 2010 was an extraordinary chapter in Australian corporate history. Colourful Queensland businessman Eddy Groves, built the world’s largest publicly…
If the government is serious about maintaining its economic prosperity into the future, it needs to address Australia’s historically poor productivity growth. Ann Douglas

Australia’s productivity problem: why it matters

The majority of Australians would prefer higher living standards. This can take the form of better access to better healthcare services and education, better environmental outcomes, more time for friends…
Solar photovoltaic and onshore wind could be the cheapest sources of electricity by 2030. SustainableDevelopment

Australian energy cost estimates: experts respond

Renewable energy sources such such as solar photovoltaic and onshore wind could generate the lowest electricity costs in Australia by 2030, according to a report released today by the Bureau of Resources…
Campbell Newman’s linking of Queensland’s dire financial situation with that of Spain saw quite a backlash, but is there an underlying element of truth? AAP

Perfect one day, bankrupt the next? Queensland’s missing fortune

Comments by Campbell Newman that Queensland was on the way to bankruptcy are, unfortunately, true. His comment that “Queensland does not have the money…” is globally true - but clearly specifically arguable…
Former politician and economist John Hewson speaks to ANU’s Crawford School’s Bruce Chapman and Daniel Connell.

John Hewson: tax reform doesn’t just mean lowering taxes

Welcome to the latest in our In Conversation series, between former politician and economist Dr John Hewson, Australian National University (ANU) Crawford School Director of Policy Impact Professor Bruce…
Liam Lenten explains why the government spends your money on sport.

Why do governments fund sports? (VIDEO)

Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. In the sixth and final part of this series, Liam…
Welcome to Part four of Liam Lenten’s Some Sports Economics.

The economics of comparative advantage and Usain Bolt (VIDEO)

Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. In the fourth part of this series, Liam explains…
Liam Lenten presents Some Sports Economics, a six-part video which uses sporting analogies to explain common economic concepts. YouTube

When scoring an own-goal is the only way to win (VIDEO)

Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. Liam says: “I am motivated to better explain basic…
International organisation 350.org encourages the building of grass-roots movements to combat climate change. 350.org

Building the new economy: alternative strategies for the 99%

Bob Massie, CEO of the New Economics Institute opened the recent Strategies for a New Economy conference, held at Bard College, New York with a thoughtful response to the criticism that the Occupy movement…
Robert F Kennedy thought it a mistake to equate success with what we produce. RFK Wharehouse

There’s more to good policy than increasing GDP

Economists are regularly criticised for worrying about gross domestic product (GDP) and similar measures. The classic statement of the case was by Robert F Kennedy: “Too much and too long, we seem to have…
Elinor Ostrom, the only woman to have won a Nobel prize for economics, was most famous for challenging the idea of the “tragedy of the commons”: that in the absence of government intervention, people will overuse shared resources. acschweigert

The grand philosopher of the Commons: in memory of Elinor Ostrom

The grand philosopher of the Commons, Elinor Ostrom, passed away on the 12th June 2012. She was a brilliant, creative polymath; a theoretician of fine precision and great intellectual power; a deviser…
If Australia had been founded according to the Eurozone model, our current economic situation would look very different. adam79

Australia and the Eurozone: a counterfactual account of economic history

Suppose that in 1901 Australia’s founding fathers had designed the Commonwealth differently. The states were to retain all powers to tax and had to finance themselves (including health, education and social…

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