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A closer analysis of ‘generation war’ debates reveals that inequalities within generations remain far more significant than those between them. shutterstock

Generational war: a monster of our own making

The political debate over generational equity, which has been rekindled in the past week, now dominates discussions over wealth, government spending and fiscal sustainability. But a closer look at some…
Activists dressed as musicians and wearing masks depicting leaders of the members of the G7 protest against wealth inequality in Brussels in June. Reuters

The wealthy suffer from an ‘empathy gap’ with the poor that is feeding a rise in inequality

Wealth and income inequality have many causes, and it’s pretty much beyond dispute that any well-functioning capitalist society will have some degree of disparity between the richest and the poorest. It’s…
Has our use of economics language been a real driver of economic growth? Cau Napoli Collettivo Autorganizzato Universitario di Napoli/Flickr

Speak well of the bourgeois, and prosper

Do the words we use to speak of economic matters, matter? I believe they do, but not by the propagation of textbookish jargon. Rather, the main way they matter is in shaping public ethics. Economics has…
Despite the fact that Australians are getting wealthier, financial literacy is not increasing at the same rate. shutterstock

Millions of households are missing out on good financial planning

The wealth profile of Australian households has changed phenomenally over the past 25 years, according to a recent paper from the Australian Centre for Financial Studies. Thanks to increases in asset prices…
Prior assumptions about the impact children have on wealth may need to be changed. Aletia/www.shutterstock.com

Debunking the ‘cost of children’ argument

Highly publicised estimates of the cost of raising a family in Australia suggest that parents must make hefty financial sacrifices to meet the needs of their children. In a recent paper, we challenge the…
There are a record 168 billionaires in China, according to the most recent Forbes list. Adam Nelson

Communist fat cats: Forbes counts 168 billionaires in China

“To get rich is glorious” – Deng Xiaoping’s famous aphorism has clearly been taken to heart by at least 168 people in China. That’s the number of billionaires identified in Forbes’ annual China Rich List…
The urban civilisation drawn to cities innovates and enriches. Even in Melbourne. melburnian/Flickr

In search of a formula with which to build better cities

When Isaac Newton produced his Laws of Motion in 1687, it led to speculation that his new gravitational force could explain the social forces between people. Thinkers put forward various arguments for…

Travel not so taxing for US millionaires

There is no evidence to support the myth that millionaires migrate to avoid tax changes, according to a joint study by Stanford…
Schools funding is back in the headlines, but what’s needed is a wider debate about equality. AAP Image/Paul Miller

Gonski, inequality and schools funding: what the debate needs right now

Imagine a field of wheat which has been watered unequally. Some parts will grow to their potential, but some won’t. In the end, it’s bad for the whole field’s productivity. Economist James Galbraith’s…
Can ethical markets solve the problems of persistent poverty and global income inequality? Michelle Brea

Challenge 7: The market, morals, ethics, and poverty

In part seven of our multi-disciplinary Millennium Project series, Adrian Walsh argues that a humane market asks something of us that we may not want to give. Global challenge 7: How can ethical market…
The corporate concentration of wealth has significant consequences on the political process in Australia and abroad. eyewashdesign: A. Golden

Welfare offers rich pickings for the wealthy

A few weeks ago, a Deakin University academic, Martin Hirst, made some interesting comments about the politics and economics of class warfare and redistribution. He correctly noted that the accusations…

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