With a square and a circle, the father of ecological economics and a founding architect of sustainable development redrew our understanding of the economy. It was revolutionary.
Peter Martin, Crawford School of Public Policy, Australian National University
Frightened by the prospect of an inflation rate approaching 8%, Chalmers has pumped very little into the economy, funding most of their extra spending by cutting Coalition programs.
Most households pay a flat rate 24/7 for electricity although the cost of generating it fluctuates through the day. Wireless technologies are changing that system.
Labor MP Daniel Mulino argues that the capacity of the state to undertake income redistribution has reached its limits, but that the need for social insurance continues to grow.
Amid the global threats posed by climate change, spiralling energy costs, insecure employment and widening inequality, the need to rethink our notion of progress is now an urgent priority.
Rising inflation rates due to supply-side factors – COVID-19, Ukraine and supply chain shortages – make countering inflation difficult for the central bank.
Central banks worldwide are racing to implement national digital currencies, yet democratic considerations are hardly discussed in public. This has to change.
Treasurer Jim Chalmers will tell parliament on Thursday that estimated growth has been cut by half a percentage point for last financial year, this financial year and next year.
Matthew E. Kahn, USC Dornsife College of Letters, Arts and Sciences
A 1972 report warned that unchecked consumption could crater the world economy by 2100. Fifty years and much debate later, can humanity innovate quickly enough to avoid that fate?
Other presidents used the Defense Production Act to boost fossil fuel supplies. Biden is now using it to boost clean energy. But just ramping up production isn’t enough to succeed.