Friedrich von Hayek (1899-1992).
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Championed by Thatcher, Reagan and Elon Musk, there’s a marked tendency to reduce Hayek to less than the sum of his parts.
Massive gains in productivity haven’t led to more time free from work.
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In 1930, economist John Maynard Keynes famously predicted that within a century, the normal workweek would decrease to 15 hours. Why was he wrong?
The 2008 statue of Adam Smith by Scotland’s leading monumental sculptor Alexander Stoddart, outside St Giles cathedral in Edinburgh.
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The Scottish economist dedicated his life’s work to understanding the consequences – moral, social and political – of capitalism. Both neoliberals and leftwingers claim his legacy.
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As a young investor, the founder of modern macroeconomics John Maynard Keynes might well have bought Bitcoin. The older Keynes would not have. It’s instructive to examine why.
Cherine Fahd, Being Together: Parramatta Yearbook, 2021-2022. Produced by C3West on behalf of the Museum of Contemporary Art Australia in partnership with Parramatta Artists’ Studios, an initiative of the City of Parramatta.
Courtesy of the artist
Three stories from Australia and the UK exploring the role of art in helping people deal with the challenges life throws at them. Listen to The Conversation Weekly podcast.
Alex Graves
China has given itself a major advantage over India by constructing a massive road network in the past two decades.
A woman sweeps outside her shack in Khayelitsha, Cape Town. South Africa is among the most unequal societies in the world.
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Rethinking capitalism requires that the primary focus should be on the distribution of economic power as the potential leading causal factor driving inequality.
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The task now is to turn the reactive response to the health and economic emergencies into a proactive set of policies and actions.
John Maynard Keynes is one of the giants of modern economics.
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The English economist’s views on “animal spirits” are vital to understanding his work.
Since its creation in 1999, the inflation rate in the euro zone has only exceeded 4 percent for a few months, on the eve of the Great Recession of 2008.
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Massive stimulus plans combined with rising production costs could lead to expectations that inflation will rise. And that alone could trigger an inflationary spiral not seen in 25 years.
Biden made passing his $1.9 trillion bill one of his top priorities.
AP Photo/Evan Vucci
Whether the next pandemic bailout bill is called relief or stimulus depends on what ails the US economy – and maybe it doesn’t matter at all.
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The Australian government’s spending is Keynesian, but its approach to wage growth is not.
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While necessary during the crisis, government borrowing isn’t costless. Longer term, it might depress living standards.
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If there is one lesson from history, it is that the economy will pick up again.
Social distancing on the metro in Milan.
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An audio version of an in depth article on four possible futures for the world after coronavirus.
At the World Economic Forum in Davos, Donald Trump flagged new fronts in his dangerous campaign of economic nationalism.
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The prosperity and happiness of one country promotes that of others. That’s a lesson Donald Trump has never learned.
Why is this man smiling?
AP Photo/Richard Drew
An economist unravels the seeming contradiction between stocks flirting with all-time highs and growing fears of a recession.
South Africa urgently needs to get its economy moving again.
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Half of South Africa’s population remain chronically poor, and the quarter in-between struggle to stay out of reach of destitution.
Arthur Caldwell almost defeated Robert Menzies in the poll in 1961, and won the debate about policy.
National Archives, National Library of Australia, Wikimedia
History suggests we can run sizable budget deficits while shrinking the budget debt burden. Mid last century our leaders weren’t afraid to say so.
Dentists don’t get to practice unless they are accredited. Economists can practice on anyone.
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There’s a move to have economists acredited, like dentists. But it doesn’t have much support yet.